New Jersey town demographics drive Senior Housing Projects

Thank goodness there are people with foresight on planning for their town’s growing senior citizen population and Buena, New Jersey is a terrific example.  The state’s growing senior citizen demographic is good news as far as borough development policy is concerned. Almost six years ago, the borough put out a welcome mat for builders eyeing […]

New Orleans senior housing project receives tax credit equity

Providence Community Housing and Enterprise recently announced the investment of $41 million in Gulf Opportunity (GO) Zone low-income housing tax credit equity to renovate three senior apartment buildings and one multi-family apartment building as part of a partnership to redevelop 7,000 houses and apartments damaged by Hurricane Katrina for low-income seniors and families.  The Gulf […]

CalHFA helps preserve affordable senior housing in Los Angeles

The California Housing Finance Agency (CalHFA) has approved $5.525 million in long term, 30 year fixed rate loans which will allow the owners of an existing affordable housing complex in Los Angeles to preserve affordable senior rentals in LA county.  The building, which houses 88 units, will undergo a seismic retrofit and receive replacement windows […]

Los Angeles Moves Forward with New Senior Complex

Recently, the Los Angeles City Council approved a contract for the design of a new senior housing complex that will comply with a new uniform building code.  The council approved a three-year agreement with the Kennard Design Group and Widom Wein Cohen O’Leary Terasawa for a proposed building consisting of a 30,000-square-foot senior center and […]

Senior Housing in Mixed Use Retail Centers in Minnesota

Just when you started to get tired of these retail/residential centers springing up in the suburban areas of America, they’ve taken a new twist when it comes to Senior Housing.  Presbyterian Homes and Services’ plans for 14 acres in Wayzata, MN are much like its plans for a 21-acre site in Eden Prairie, MN: a senior […]

Hebrew SeniorLife gets $457m for Senior Housing Complex

Hebrew SeniorLife, the Roslindale nonprofit that operates elder housing, healthcare, and research facilities, secured $457 million in funding last week.  Construction on the $485 million dollar project began last summer and is scheduled to be completed in 2009.  The community in Dedham will house about 800 seniors and have home for independent living, assisted living […]

San Francisco Low Income Senior Housing

For certain low income seniors in San Franscisco, California, they are receiving the opportunity of a lifetime to enjoy the fruits of living in the Mission Bay area at outrageously low rents in comparison to comparable properties in the Bay Area.  The Mission Creek Senior Community building, which fronts Mission Creek Estuary, is a subsidized […]

Zell firm buys stakes in overseas senior housing developers

Legendary businessman Sam Zell’s Equity International acquired two minority interests in senior housing developers in Great Britain and New Zeland.   The two privately held companies that were invested in were London-based Renaissance LifeCare PLC and Sanctuary Residences of Auckland, New Zealand.   With aging populations and a lack of high-quality housing, retirement real estate presents a “considerable […]