Should someone get a Reverse Mortgage in order to stay in there house as an alternative to selling the home, moving to assisted living, or dedicated skilled care? The easy answer is “maybe” and depends on the circumstances associated with their individual financial situation. The reverse mortgage allows the senior to stay in the home […]
Category: Affordable Housing
After the initial success of the Horizon Village complex, the North Charleston Housing authority wants to move forward and complete another building and several townhouses for Charleston seniors that will cost approximately $7.2 million dollars. The development will be built on the 68 acre re-developed site that once was the area’s largest public housing project. […]
A panel in Roanoke, Virginia recently addressed many topics related to senior housing in its panel. Local community leaders, businesses, social agencies, retirement communities and citizens answered questions on housing rehabilitation, new senior housing developments, the ease of access for seniors in the community, and available resources for low-income seniors. The first ever forum for […]
For those of you tree huggers out there, Wal-mart has donated over 2,200 Compact Florescent Light-bulbs (CFLs) to outfit 200 senior housing units in Englewood, Colorado. The CFL bulbs last up to 10 times longer than traditional bulbs and a quarter of the energy. The donation of the bulbs was in conjunction with Wal-mart’s “Sustainability […]
The Fontana City Council (Fontana, CA) recently awarded the re-development of its senior center with a $14.5 million contract to Lake Elsinore-based Tovey/Shultz Construction Inc. to build a senior center on the northeast corner of Juniper and Ceres avenues in the downtown area. The two story, 43,000 square foot facility is expected to be completed […]
Part of the recent news and commentary about Barack Obama’s relationship with real estate financier Tony Resko has to do with a senior housing apartment complex down on the south side of Chicago. Part of the controversy surrounding the Obama / Resko affair has to do with letters of support that Obama wrote in support […]
Affordable housing in California continues to be a hot topic, especially when it comes to senior housing for low income seniors. A 75 unit apartment complex called the Sahara Senior Villas is nearing completion in Hemet, California. This project will be the area’s first affordable, low-income housing for seniors in the area with rents ranging […]
The former Discovery Water Park in Barstow, Arizona is about to get a major make over when it turns from a water park with slides and wave pools into a 1,400 unit gated community for seniors over 50. Some of the kiddie slides and the lazy river will be kept for resident’s use. Plans are […]
As Seniors get older, one of the most prevalent social groups that are important as part of a community is the church and religious affiliations that are part of senior’s lives. A white paper was recently released that describes how many churches are doing to prepare for the wave of seniors that are retiring and […]
The Fountain City, Indiana Lions Club broke ground last week on their $1.1 million dollar low-income, senior housing project. The club worked for 3 years to secure the property, financing and permits to build the 12 units project. Units are available to seniors over 62 years of age and that earn 40-60% of the area’s […]
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