Elderly Housing Development and Operations Corporation’s (EHDOC) recently announced that Palermo Lake in Miami is opening at the end of January 2008 and will celebrate its grand opening on February 18, 2009. In the fall of 2008, over 1000 seniors waited in line to receive an application for the 109 unit apartment building. “We are […]
Category: Affordable Housing
Senate Majority Leader Harry Reid and Congresswoman Shelley Berkley recently announced that Nevada H.A.N.D. has been awarded a $7.5 million grant from the Department of Housing and Urban Development (HUD). Nevada H.A.N.D is local 501(c)(3) nonprofit organization that develops affordable housing to improve the lives of low-income individuals in the metropolitan Las Vegas area. The […]
Kit Bond, the retiring US Senator from Missouri, announced last week that he won’t seek re-election and that his office announced that Missouri will receive $15,876,900 as part of Department of Housing and Urban Development (HUD)’s Section 811 Supportive Housing for Persons with Disabilities Program and Section 202 Supportive Housing for the Elderly Program. As […]
In one of the final acts of the Bush administration, thousands of very low-income senior citizens will be able to find affordable housing thanks to more than $525 million in grants announced by the U.S. Department of Housing and Urban Development last week. The funding will provide non-profit developers interest-free capital advances to produce accessible […]
The American Association of Homes and Services for the Aging’s (AAHSA) President and CEO Larry Minnix applauded the introduction of S. 118, the Section 202 Supportive Housing for the Elderly Act of 2009. The proposed legislation would strengthen the U.S. Department of Housing and Urban Development’s (HUD) Section 202 Supporting Housing for the Elderly Program […]
A few weeks ago, we posted about Mirabella Seattle opening early and just last week the San Mateo County Times ran a piece about Mirabella San Francisco Bay being delayed due to its inability to find construction financing. The developers are looking to resume construction once financing has been obtained but the letter from the […]
According to a published report in the Boston Globe, US Representative Barney Frank stated that he wants to propose that the US Treasury buy $5 billion in low-income housing tax credits as a way to help re-start the development of affordable housing across the country and provide additional funding of $5 billion for states. Frank […]
Last month, the board of the New York State Housing Finance Agency (HFA) approved $10.3 million in financing for the construction of Birches at Chambers, a 67-unit affordable senior citizen housing development in the Town of Ulster in Ulster County. The Ulster approval was included in a total package of $64.2 million in funds approved […]
President-elect Obama has picked New York City housing commissioner Shaun Donovan to be secretary of housing and urban development. Obama has spoken that this position will be a key post that will play a large role in the administration’s efforts to stop the number of foreclosures and expand homeownership. Donavan served on the National Housing […]
The Federal Home Loan Bank of Boston (the Bank) recently awarded more than $10.2 million as grants, loans, and subsidies to fund 390 units of affordable rental and ownership housing in seven Massachusetts communities.In all, 24 initiatives in eight states received more than $22.8 million in grants, loans, and rate subsidies as part of the […]
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