The federal funds rate appears to be bucking historical trends as it remains at a low rate for what Department of Housing and Urban Development lenders predict will be an extended period of time, industry leaders say. The federal funds rate has narrowly fluctuated between 0.06 percent and 0.25 percent since January 2009, when the Fed […]
Category: Government Programs
Reimagining what a community looks like and applying technology to meet home health care needs can help seniors stay in their homes for longer, according to The National Aging in Place Council (NAIPC), Forbes reports. While 90% of adults over 65 want to stay in their homes, many end up moving into senior living communities, Forbes says, citing […]
In case you missed it…here are the top five headlines grabbing SHN readers’ attention this week: EB-5 Funding Booms for Senior Living Development—The Immigrant Investor Program is gaining steam as a growing source of funding for senior living developers, some of which include Omega Communities and RockBridge Senior Living. Brookdale to Change Community Names Under […]
The Centers for Medicare & Medicaid Services (CMS) is ramping up a program that focuses on nursing homes with serious quality issues after a sequester-induced reduction, the Department of Health & Human Services announced in a recent memo. Effective in April, CMS adjusted the number of designated slots and facility candidates so states can resume selecting […]
The infamous queue of applications for the Department of Housing and Urban Development’s senior housing and healthcare finance programs has been dissolved, and timelines for new applications are zipping through up to 10 times faster than before. Two to three years ago, it could take a year—or longer—to have a HUD Section 232 application picked […]
California assisted living communities have repeatedly made headlines in the last several months for all the wrong reasons, raising the question of whether one state’s regulatory woes could trigger federal oversight for the industry. The short answer: not likely. Assisted living experts say the state’s problems aren’t expected to have broader national implications at this […]
The newest drafting of a Department of Housing and Urban Development loan type is providing flexibility to senior housing providers in states where Medicaid reimbursements are known to take several months at a time. The first of the new Intercreditor Agreements, an account receivable loan type provided under HUD’s 232/223 program, was closed by Beech […]
Mid-size employers have an additional year’s time before they must provide health insurance to qualifying employees under the Affordable Care Act. Businesses with between 50-99 employees are not required to offer health insurance to full-time workers until 2016, according to a senior official with the Obama Administration, reports the Washington Post. Last July, implementation of […]
A nonprofit senior living provider concerned about violating the Federal anti-kickback statute was green-lighted to compensate a placement agency in exchange for new resident referrals, said the Department of Health and Human Services Office of Inspector General in a recent advisory opinion. The unnamed provider requesting the advisory is a nonprofit corporation that owns and […]
A Wednesday Senate hearing on the future of long-term care and how to pay for it raised questions and policy suggestions but provided no definitive solutions for what many have called a looming crisis. One such suggestion was to require individuals to participate in a long-term care insurance program, similar to how the Affordable Care […]
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