Lawmakers Re-introduce Fairness in Nursing Home Arbitration Act

U.S. Senator Mel Martinez (R-FL) this week re-introduced the Fairness in Nursing Home Arbitration Act, which protects the dispute resolution options for residents of nursing homes. The measure, originally introduced in the 110th Congress, is in response to the increasing practice of nursing home facilities requiring patients to agree to arbitration as the sole vehicle […]

HUD Makes Higher Reverse Mortgage Loan Limits Official

The Department of Housing and Urban Development released Mortgagee Letter 2009-07 which raises the national FHA loan limit for reverse mortgages (HECMs) to $625,500. The changes are effective immediately for loans closed on or after February 24, 2009. The speed at which this mortgagee letter was released is shockingly fast but most likely in response […]

Florida’s Fiscal Insanity With Nursing Home Funding

For those people who thought sub-prime mortgages and fancy CDO/CMOs were creative accounting, you haven’t seen the latest iteration of creating accounting: increased state taxation in order to receive more funding from Medicaid. Florida Health News’s article, Please Tax Me So I Can Earn More, is a fascinating view into the crazy funding crisis Florida […]

Florida Budget Cuts Cause Havoc For Senior Housing Projects

Last week the Florida state legislature made budget cuts that will curtail a variety of senior and affordable housing projects across the state and lawmakers there deal with a $2.4 billion budget deficit. Legislators moved to remove $190 million from the state’s affordable housing trust fund and they warned that more cuts maybe coming later […]

Missouri Senator Bond Announces Nearly $16 Million to Help Provide Housing for Elderly

Kit Bond, the retiring US Senator from Missouri, announced last week that he won’t seek re-election and that his office announced that Missouri will receive $15,876,900 as part of Department of Housing and Urban Development (HUD)’s Section 811 Supportive Housing for Persons with Disabilities Program and Section 202 Supportive Housing for the Elderly Program. As […]