With a lack of new development and a growing demand for senior living, investing in more middle-market and affordable senior living projects could be a way to keep the wheel turning for new projects, according to Vium Capital Senior Managing Director Steve Kennedy. Despite thinner margins, affordable senior living development could be an outlet for […]
Category: Affordable Housing
Wendover Housing Partners continues to grow its affordable senior housing portfolio with new projects underway in Florida. Wendover Housing Partners, a Florida real estate development and management company, was founded in 1995 by Jonathan Wolf. The company is now responsible for over $1 billion in new development, including affordable multifamily residential and affordable senior housing […]
The senior living industry has a problem: too many older adults think that it is unaffordable. Part of the problem is that it simply is unaffordable for many older adults. The senior living industry still hasn’t built a solution at scale for the millions of people who will want and need senior living services in […]
A nonprofit developer and provider of affordable housing and supportive services is growing beyond its initial footprint with a new acquisition of affordable communities that serve older adults and families in need. Wesley Housing is acquiring Virginia United Methodist Housing Development Corporation (VUMHDC) in a transaction that nearly doubles Wesley’s existing affordable housing portfolio. Since […]
Older adults in the “forgotten middle” market are still struggling to access senior housing, but certain changes to legislation and policy could help make their situation less dire. That was the consensus during a webinar hosted by NORC at the University of Chicago Oct. 25. NORC research over the years has found that millions of […]
More affordable and middle-market housing options are going to be needed as the next generation of older adults approaches average senior living age. A new report, compiled by the Joint Center for Housing Studies of Harvard University, detailed the looming generation of boomers, the oldest of which are turning 80 in the coming years. The […]
Having successfully developed an assisted living community for Medicaid beneficiaries in the Washington, D.C. market, Northbridge is now underway on a similar project, with Amazon (NYSE: AMZ) among the backers. Amazon’s involvement will “give us a little more flexibility” in the new community compared to the first, Northbridge Communities President Wendy Nowokunski said at the […]
Pine Park Health is expanding its value-based health care model further into the affordable senior housing sector. Pine Park Health Chief Commercial Officer Dan O’Neill announced last week on LinkedIn that the company has expanded its value-based, in-home primary care model to serve nearly 400 more residents in Northern California. Pine Park currently operates in […]
Senior living nonprofit Transforming Age has unveiled a new affordable housing arm and brand called “Circ.” The newly created brand — which Bellevue, Washington-based Transforming Age formats as CIRC — is an amalgam of Sustainable Housing for Ageless Generations (SHAG), which affiliated with Transforming Age in 2021; and two other Transforming Age-affiliated entities: Community Life […]
EveryAge has some ambitious plans, as the senior living and aging services provider celebrates its 50th anniversary. Last month, the nonprofit – formerly known as United Church Homes and Services – completed a rebranding in conjunction with its golden anniversary. The new corporate identity goes beyond the company’s beginnings as a faith-based provider to be […]
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