The governor of Pennsylvania, Governor Rendell, and the Pennsylvania Housing Finance Agency recently announced the approval for funding for 99 projects that will make affordable senior housing more prevalent in the commonwealth comes from the Neighborhood Stabilization and Low Income Housing Tax programs. Some of the senior housing and living projects approved for funding include: […]
Category: Legislation
As the economy in California struggles and the state government working with limited funds, Governor Schwarzenegger is facing some challenges to make ends meet and one area that is on the chopping block is the state’s senior housing programs. The governor’s cuts include proposals to shut down the state’s adult day care centers that provide […]
The Centers for Medicare and Medicaid Services surprised nursing home operators late last week when it proposed changes to their programs that would reduce Medicare payments by $1 billion in fiscal 2010. The cut takes into account a 3.3% reduction in payments based on changes to CMS payments to skilled nursing facilities for some patients […]
New York Governor David A. Paterson announced early this week $253 million in affordable housing grants coming to New York through the American Recovery and Reinvestment Act (ARRA). The New York project are the first housing projects in the U.S. to be awarded funding through the ARRA, and will allow for the preservation of existing […]
The Assisted Living Federation of America (ALFA) last week announced its support for legislation that will provide relief to one million poor seniors in assisted living communities who purchase prescription drugs under Medicare. The bill calls for ending discrimination against dual-eligible seniors who receive both Medicare and Medicaid but live in home and community based […]
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 […]
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 […]
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 […]
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 […]
For those of you who want to read the 700 pages of the House version of ‘American Recovery and Reinvestment Act of 2009 or those who want to review the amendments being debated in the Senate or try to follow all the press coverage, good luck. If you just want the down and dirty from […]
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