Reverse Mortgages continue to gain momentum as the economy remains tough as endorsements for FHA insurance set a new record in March of 11,261 units which was up 24% from February and surpassing the old record set in February 2008. The top 10 lenders continued to take market-share overall and generating 43% of the total […]
Category: Independent Living
Are you interested about creating senior cohousing and want to learn more about the process? Are you a developer, builder, senior living operator or a government official that wants to explore the options for senior cohousing as part of your current role or a future role? If yes, you should look at attending the April […]
In an effort to combat its rapidly growing aging population and an increasing number of seniors looking at early retirement due to corporate restructurings, the Korea Financial Services Commission is considering expanding its current reverse mortgage program to allow more seniors access to its product by lowering the age requirement from 65 to 60 or […]
The Retreat at Santa Rita Springs Rolls Out Casitas The Retreat at Santa Rita Springs celebrated its grand opening last month and welcome its first residents to Green Valley, Arizona’s newest independent living community. Watermark Retirement Communities is opening the first phase of 28 new Casitas. The new project overlooks the Santa Rita Mountains and […]
AARP recently declared that the provisions in the recently passed Mortgage Relief in the House of Representatives were good for seniors and encouraged the Senate to pass a bill quickly. Resistance by those in the Senate has increased during the last few weeks against this bill because of the broad implications that it may have […]
NewCourtland recently announced its plans to transfer ownership of five of its seven nursing homes to AristaCare Health Services. The transaction will allow NewCourtland to better focus on expanding independent living options and community based programs for seniors. AristaCare will take over operations of Care Pavilion, Cheltenham York Road, Cliveden, Maplewood Manor and Tucker House […]
Wyndham Homes, a developer of residential communities in Westchester County, New York and New Haven County, Connecticut, was selected by the Home Builders Association of CT to receive a top HOBI award, Best 55+ Community, for Chatfield Farms. Each year, the prestigious HOBI Awards program recognizes outstanding construction technology, innovation, and sales success in the […]
High Acres at Seneca Lake recently received approval for its Offering Plan from New York State to develop a new senior living retirement community in Geneva, New York. Construction of High Acres,sponsored by FLH Senior Communities, Inc., a member of Finger Lakes Health, is scheduled to begin early next year. High Acres plans to offer […]
CovenantCare at Home, the home care subsidiary of Covenant Retirement Communities, recently began offering its private home care services at Covenant Village of Colorado, in Westminster. CovenantCare at Home will provide Covenant Village of Colorado residents with nursing, transportation, and other supportive services in their residential apartments. The startup is part of CovenantCare at Home’s […]
One area of the senior living market that continues to deteriorate is the recreational-vehicle business. Fleetwood Enterprises earlier this week said that it would file for Chapter 11 bankruptcty protection for its U.S. operations and will close its travel trailer business. That division accounted for losses of $65.3 million in 2007 and $16.8 million in […]
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