HUD releases $40 million in funding for service coordinators
By
Kathleen Steele Gaivin
Dec 15, 2023
The Department of Housing and Urban this week released $40 million in new funding for service coordination programs in affordable senior housing.
Senior living in 2024: Volatility ahead argues for rethinking risk strategies
By
Gerald Stoll
Jordan Parnell
Dec 14, 2023
The pressures on the senior living sector only abated marginally in 2023, as operators tried to maintain their balance in a precarious business and economic environment. And any significant reversal in...
HUD announces $42.5 energy benchmarking initiative for affordable housing providers
By
Kathleen Steele Gaivin
Dec 14, 2023
A new Energy and Water Benchmarking initiative for owners of affordable housing properties is funded with $42.5 million through the Inflation Reduction Act.
Long-term care deal volume down as 2024 approaches
By
Kathleen Steele Gaivin
Dec 13, 2023
As long-term care operators prepare for 2024, the volume of senior housing and care deals is down, Paul Branin, vice president of business development at management and consulting firm Health Dimensions...
Unemployment rate dips to 3.7 percent in November
By
Kathleen Steele Gaivin
Dec 11, 2023
The national unemployment rate declined from 3.9% October to 3.7% in November, according to the monthly unemployment report from the Bureau of Labor Statistics.
Retirement planning, true life expectancy not on most adults’ radar, increasing the risk of outliving...
By
Kimberly Bonvissuto
Dec 07, 2023
With 10,000 Americans reaching retirement age every day, retirement planning should be top of mind for many prospective senior living residents. But two recent studies found long-term care planning isn’t...
Fitch offers bleak outlook for life plan communities for 2024
By
Kathleen Steele Gaivin
Dec 05, 2023
Continuing care retirement / life plan communities are facing “fierce economic headwinds” heading into next year, according to a report released Monday by Fitch Rating
Embracing innovation connects staff and families to what matters most
By
Prentice O. Lipsey
Dec 04, 2023
CHI Living Communities has embraced innovation to meet the needs of a growing segment of savvy older adults, connecting them with their families and our care team through the use of smart home devices.
Americans are tapping retirement nest eggs to pay for everyday, emergency expenses
By
Kathleen Steele Gaivin
Nov 30, 2023
Working-age Americans are tapping into retirement nest eggs to pay for everyday expenses, according to recent data from Fidelity Investments. Consequently, many are falling short in their retirement goals.
Biden looks to boost supply chain for vaccines and other medicines
By
Kathleen Steele Gaivin
Nov 29, 2023
President Biden on Monday said he plans to use the Defense Production Act to make more “essential medicines” in America in an effort to mitigate drug shortages and curb inflation.