Bankers keeping close eye on senior living industry amid virus concerns
By
Amy Novotney
Mar 20, 2020
The increasing number of COVID-19 outbreaks at nursing homes and retirement communities across the nation has lenders worried about the financial health of these facilities, according to an article in...
Shipping containers show promise as affordable senior living solution
By
Amy Novotney
Mar 30, 2021
Modified shipping containers may be part of the wave of the future when it comes to middle-market and affordable senior living, according to a webinar discussion earlier this month among gerontology students...
COVID-19 may force positive changes, improved outcomes in senior living
By
Amy Novotney
Aug 21, 2020
Over the past decade, design trends have been pushing a more progressive, upbeat vision of senior living, one that encourages more independence and social connectivity. Yet the deadly impact of the coronavirus...
Business briefs for Thursday, Jan. 14
Jan 14, 2021
HUD announces competition for $150 million in funding for Section 202 Supportive Housing for the Elderly, with applications due in May … Direct care workers remain undervalued and underused in the long-term...
One-fifth of new project to feature ‘affordable rates’
By
Amy Novotney
May 11, 2020
Real estate and development firm KT Urban received unanimous approval by the city of Cupertino Environmental Review Committee this month to move forward with its plans for an enhanced senior and family...
HUD implements multifamily mortgage payment relief during pandemic
By
Amy Novotney
Apr 15, 2020
As a result of the ongoing global pandemic, the Department of Housing and Urban Development last week introduced new mortgage payment relief guidance under the CARES Act. The measure targets borrowers...
Most affordable seniors housing providers can’t afford pandemic supplies: survey
By
Amy Novotney
Oct 22, 2020
The majority (69%) of affordable seniors housing providers say they are at least financially strained — if not severely financially strained — as a result of having to pay for personal protective equipment,...
Elderly homelessness will be America’s next great housing crisis: NYT analysis
By
Amy Novotney
Oct 02, 2020
Even before the pandemic hit, the number of elderly people experiencing homelessness was projected to triple within the next decade. A New York Times examination finds that swelling numbers of homeless...
California lawmaker working to garner support for additional funding of Section 202 Housing for the Elderly...
By
Amy Novotney
Apr 12, 2021
Last week, Rep. Maxine Waters (D-CA), chairwoman of the U.S. House Committee on Financial Services, began circulating a sign-on letter to her House colleagues in support of strong rental assistance funding...
Affordable senior housing developers bringing new life to vacant urban spaces
By
Amy Novotney
Dec 08, 2020
A problem-plagued property that has sat vacant for years in a busy part of Albuquerque, NM, soon will be transformed into a 92-unit affordable senior housing community. The development is just one example...