HUD Clarifies Independent Living’s Role in Olmstead Decision

The Department of Housing and Urban Development (HUD) recently released finalized guidance clarifying its position on the role of housing in accomplishing the goals of Olmstead, the landmark Supreme Court decision giving people with disabilities the right to have multiple housing options.   Olmstead‘s objective is to help people with disabilities lead normal, integrated and […]

Senior Housing Finance: Love Funding, Ziegler, NCR, AdCare

Ziegler Closes $51.6 Million Financing for Pa. CCRC Group Ziegler recently closed a $51,640,000 tax-exempt, fixed-rate Series 2012 Bond issue for Asbury Pennsylvania Obligated Group issued through the Cumberland County Municipal Authority.  Asbury Pennsylvania Obligated Group consists of Bethany Village and Springhill, two CARF/CCAC accredited CCRCs located in Pennsylvania. Both communities are operating segments of […]

Senior Housing Finance Activity: HFF, Ventas, Oak Grove Capital, & More

Everest Real Estate Advisors Closes $12 Million Loan for Minn. Senior Housing Community Everest Real Estate Advisors, headquartered in Minneapolis, Minn., recently closed on a $12 million refinancing loan for Select Senior Living, a 90-bed senior housing facility in Coon Rapids, Minn., reports Real estate Journals. The advisory firm provided the refinancing through HUD’s Section 232/223(f) […]