State of Illinois provides state loans and tax credits

A new senior housing facility with 67 units opened this month in Springfield, Illinois and the project received support from the state of Illinois with almost $8 million dollars in state loans and tax credits.  The facility was constructed by non-profit developer Abundant Faith Christian Center.    Sixty of the units are reserved for low income […]

Florida City OKs Large Senior Housing Project

Recently, the city commissioners of Twin Lake, Florida cleared the way for a large senior housing project that has been in the works for over a decade.  The project calls for 22 duplex villas with two car garages, a centralized apartment building containing 63 independent living units and a centralized community center with a central […]

Age restricted development a growing theme?

 I recently read an article that discussed a zoning commission’s rejection of a local developer’s proposal for a regulation change that would have created the way for a large housing development project but was turned down on the basis of age restriction.  While municipalities in general have provided incentives for age restricted developments in the forms of […]

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 […]