As senior living adapts amid minimum wage pressures and families increasingly face tough financial choices related to senior care, one presidential candidate has vowed to reform tax policies to better support paid and unpaid caregivers alike. U.S. Democratic presidential hopeful Hillary Clinton on Sunday proposed a set of initiatives aimed at caregiving families and workers, including a […]
Category: Tax Credits
As some developers grapple with building senior housing projects in urban areas, others are making a name for themselves by revitalizing historic buildings in underserved neighborhoods into vibrant senior living communities. Developing in an urban, infill area presents its fair share of spatial challenges when finding the right place where a senior living project might […]
A new loan from Freddie Mac provides affordable senior housing developers a cheaper alternative for financing new construction and renovation projects, with one company realizing cost savings of up to 40% through the new product. Launched at the end of last month, Freddie Mac’s Direct Purchase of Tax-Exempt Loans initiative aims to keep rental housing […]
Samsung, the multinational consumer electronics manufacturer, has long maintained the slogan “the next big thing is already here” for its flagship—and iPhone competitor—Galaxy smartphone. However, the same may also be said for one of its latest products developed in collaboration with GreatCall, a company specializing in creating usable technology for active aging. The product, dubbed […]
Construction: Planned Pinkard Construction to Build New Villagio Senior Living Community in Colo. Pinkard Construction, along with Van Tilburg, Banvard & Soderbergh Architects, have been selected as general contractor and architect on the newest Villagio Senior Living community in Broomfield, Colo. The project is a 51-unit “Memory Care Continuum,” the companies stated in a release. […]
Maine seniors, along with affordable housing, home care, general contractors and other aging services stakeholders are rallying around a comprehensive package of proposals that aim to strengthen the state’s aging in place resources that go beyond traditional assisted living and nursing homes. Mark Eves (D-North Berwick), speaker of Maine’s House of Representatives, last week unveiled […]
Construction: Planned Virginia Nonprofit Plans $8 Million Assisted Living Community for 2015 A Virginia-based nonprofit plans to spearhead development for a new, $8 million assisted living community to be located in Bowling Green, Va., reports Fredericksburg.com. The nonprofit organization Caroline Cares, of Caroline County, won a $40,000 grant last year from the Virginia Department of […]
Grandbridge Seniors Housing Group Facilitates Acquisition Financing Grandbridge’s Seniors Housing and Healthcare Finance Team facilitated bridge financing for the joint venture between Focus Healthcare Partners and Artemis Real Estate Partners on the 192-unit Skagit Valley Senior Village in Burlington, Wash. As the project had been purchased without debt, the loan allowed the joint venture to […]
Senior housing developers in Kansas City, Missouri, are teaming with a local baseball organization to leverage tax credits in building a new independent living community. Entrepreneurs Enterprises LLC, based in Overland Park, Kansas, is co-developing 40 duplex units of senior housing with MRE Capital LLC, to be located in the Martin City area of Kansas […]
A partnership between U.S. Bank and a Colorado nonprofit developer has paved the way for the construction of affordable senior housing apartments in the Denver area. U.S. Bank and InnovAge, a nonprofit organization serving Colorado’s aging population, announced yesterday that they have closed on a $22.4 million financing package that will create InnovAge Senior Housing-Thornton, […]
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