The Federal Home Loan Bank of Seattle announced its Affordable Housing Program (AHP) awards for the 2008 last week. The Seattle Bank received 51 applications requesting $19.0 million in AHP subsidy for the 2008 AHP funding round and approved 13 applications for a total of $4.38 million of AHP subsidy. The bank approved four additional […]
Category: Senior Housing
Capital Senior Living Corporation, one of the country’s largest operators of senior living communities, announced that it plans to suspend further development activities following the opening in the first half of 2009 of the two remaining communities under development. The Company believes that it is prudent to discontinue further development until general business conditions improve […]
Do the words “housing project” have a negative connotation in today’s economic environment? How about tossing in the word “senior”? Well many of the upscale areas in the United States are putting up major obstacles to permitting senior housing projects in their markets as seniors are showing a stronger desire to remain local to their […]
The Wyoming Business Report reported yesterday that Sunwest Management has tentatively agreed to sell 45 assisted living units around the nation in an effort to raise cash. The article states that the company is selling some of its more profitable units are in the sales agreement but the purchaser would not be named as final […]
Amica Mature Lifestyles Inc. recently announced that the Company has secured its tenth 99-year contract to manage “Amica at Aspen Woods”, located in Calgary, Alberta. The project will consist of approximately 147 suites and the costs of the project are projected to be over $40 million and the development will include a full suite of […]
Hook ’em Horns. Even though the project was announced back in 2006, the Texas Exes, the former student association, recently contacted us to let us know that it was making progress on completing its 57-acre independent living campus. The Exes have a unique ability to have access to a diverse, loyal group of alumni who […]
EYC Companies, Inc. has chosen The King Partnership (TKP) to lead its marketing, public relations and sales efforts for The Landmark at Corbinton, a 55+ Active Adult Community located adjacent to the Corbinton Continuing Care Retirement Community (CCRC). This new neighborhood is situated within walking distance of downtown Hillsborough’s historic district. The Landmark at Corbinton […]
Home builder confidence for newly built single-family homes held at a record low in December as the economy and job market continue to deteriorate and a growing number of foreclosed homes remain on the market. The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) did not budge this month from November’s all-time low […]
As real estate tax revenues continue to fall, many municipalities may start reconsidering and / or challenging exemptions or tax breaks that were once offered as part of the the locality’s lure for developers and investors or aggressive stances taken as part of senior housing initiatives. One such example is the high profile, retirement home […]
President-elect Obama has picked New York City housing commissioner Shaun Donovan to be secretary of housing and urban development. Obama has spoken that this position will be a key post that will play a large role in the administration’s efforts to stop the number of foreclosures and expand homeownership. Donavan served on the National Housing […]
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