Affordable Senior Housing Model Held Back By Financing Challenges

Demand for affordable housing to accommodate the changing needs of low-income seniors is growing, but non-Medicare and Medicaid payment models to finance the services are sorely lacking. That is the main takeaway from a new report from LeadingAge LTSS Center @UMass Boston that also offers possible solutions to what is a growing crisis, Alisha Sanders, […]

SHAG Strikes Innovative Partnerships to Create Affordable Senior Housing

If senior housing and care providers want to tackle the looming affordability crisis, they’re going to have to start working together more. That’s according to Jay Woolford, executive director of the Senior Housing Assistance Group (SHAG). The affordable senior housing nonprofit based in Tukwila, Washington, has made it its mission to help older adults age […]

Demand Grows, Challenges Increase for Senior Housing in Low-Density Markets

The coming wave of aging baby boomers will present several challenges to a senior living industry already struggling to meet the demand of seniors who cannot afford market rate independent living, assisted living or memory care. In particular, the population of older adults is quickly growing in low-density areas where it’s especially difficult to build affordable senior living projects. […]

Tips to Maximize Bang for the Buck in Affordable Senior Housing Design

Affordable senior housing may not carry a reputation as the flashiest property type, but it plays a vital role in serving low-income seniors. And while developing or designing the property type can require a different mentality than traditional senior housing—as evidenced when The Shelter Group bowed out of the affordable-housing sector to focus on its Brightview […]

HumanGood CEO Envisions Innovation at Every Price Point

HumanGood has gained industry attention for its plans to reinvent the continuing care retirement community (CCRC), but the large nonprofit provider has even grander ambitions when it comes to senior living innovation. This year, it plans to hire an executive to focus on its wide-ranging innovation efforts, which include creating a prototype offering for the […]

Best Affordable Housing Design 2017: Loft Living in the Rust Belt

In 1919, the A.S. Kreider Shoe Company moved into a newly built, 64,000-square-foot factory. Throughout the years, the large brick building in Lebanon, Pennsylvania, has served as the home of Lebanon Dress Company, Hermann Handkerchief, and, now, Kreider Commons, the 2017 Senior Housing News Architecture & Design Award winner in the “Best Affordable Housing” category. Recently, […]

Providers Rise to New Standards for LGBT Senior Living

Head north on Halsted Street in Chicago’s Boystown neighborhood—just one block of Wrigley Field—and you’ll see it: a modern, multi-unit residence decked in green and blue hues. No, this isn’t a new condominium for the city’s young, urban professionals, but rather an affordable housing unit that has become a haven for the city’s low-income older […]

The Shelter Group Exits Affordable Housing in Favor of Senior Living

Baltimore, Maryland-based The Shelter Group is bowing out of the affordable-housing sector, instead shifting its focus on to growing its Brightview Senior Living portfolio. Founded in 1977, The Shelter Group is a privately held real estate development and property management firm, specializing in multi-family and senior living communities. The group recently sold 43 of its affordable […]

How Affordable Independent Living Will Fare in 2017

The senior housing industry as a whole is seeing growth as the baby boomer generation moves into retirement. Still, senior housing isn’t expected to see as much of an uptick as other housing categories this year. When it comes to growth in the next year, housing industry owners, developers and managers predict the largest surge will occur in […]