Intercommunity Mercy Housing Receives Funding For Low-Income Senior Housing In Tacoma

Intercommunity Mercy Housing announced that it received a $8.2 million grant from HUD and that the funding will go toward IMH’s first affordable housing property for low-income seniors in Tacoma. Representatives from Intercommunity Mercy Housing, the city of Tacoma and the Washington State Housing Trust Fund celebrated the groundbreaking of the property this week called, […]

Rosemann Completes New Senior Living Community in Kansas City

Earlier this month, architectural and interior design firm Rosemann & Associates, PC announced that construction of the 42 unit, independent senior living community in Kansas City, Mo. known as D.A. Holmes II Senior Apartments has been completed and 100 percent occupied. The owner, D.A. Holmes Senior Housing II, L.P. developed the $4.9 million, affordable senior […]

Housing Project For Grandparents Raising Grandchildren Seeks Funding

The oft-neglected problem of grandparents raising grandchildren is getting some unique assistance in Milwaukee from a housing perspective. The Milwaukee Journal Sentinal ran a story last week entitled, Kid-friendly senior housing proposed, profiled a development on Milwaukee’s north side that would create a 47 unit, $10 million affordable, senior apartment complex called Villard Square. The […]

Massachusetts Senior Housing Project Receives Funding Support

MassDevelopment announced last week the closing of a low-cost financing package for an affordable senior housing construction and preservation project. The Somerville Housing Authority will use the proceeds from a $14 million tax-exempt bond to demolish an outdated 64-unit apartment complex for the seniors and the disabled, and construct a new 95-unit affordable housing facility […]

Will Tax Credit Drought End In 2009?

Over the weekend, the San Francisco Chronicle provided a good article on how the credit crunch has impacted the market for tax credits and their use in financing various housing projects with a specific focus on California. The article entitled, Lack of tax-credit market hurts building trade, profiles a Napa Valley Senior Housing Project that […]

Los Angeles Mixed Use Senior Housing Project Stalls

The Los Angeles Times ran an interesting article last week entitled, City stuck with a South L.A. eyesore but has few options, that discussed a stalled, affordable / low income senior housing project that has been vacant for over a year. The Buckingham Palace project was constructed on Marlton Square, a mixed use development that […]