HUD proposes closing qualified contract loophole for LIHTC transactions
By
Kathleen Steele Gaivin
Aug 19, 2024
The Department of Housing and Urban Development has proposed guidance meant to close the qualified contract loophole in the Low Income Housing Tax Credit program for Federal Housing Administration multifamily...
Harvard study: Elderly demographics will crush existing housing and service options
By
John O'Connor
Dec 14, 2016
The nation’s surging elderly population will create unprecedented demand for affordable housing and service options within two decades, a Harvard University study asserts.
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...
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,...
HUD’s $50 million for new Section 202 housing is first since 2010
By
Lois A. Bowers
Apr 08, 2019
The Department of Housing and Urban Development’s Thursday announcement of $50 million in funding for the Section 202 Supportive Housing for the Elderly program is “particularly impactful in light...
Make affordable housing a debate topic, groups say
By
Lois A. Bowers
Sep 09, 2019
Some of the nation’s largest providers of affordable senior housing, as well as associations representing aging services providers, were among the 600 organizations sending a letter to the moderators...
As report cites older adult struggle to meet expenses, expert says HCBS proposal won’t help middle...
By
Kimberly Bonvissuto
Apr 26, 2021
Older adults are struggling to meet cost-of-living expenses in the nation’s 100 largest metropolitan areas, according to a new report from UMass Boston’s Gerontology Institute. But federal, state and...
Urgent need exists for significant federal investment in preserving affordable housing: report
By
Kimberly Bonvissuto
Jun 02, 2020
A new report highlights the role the federal government plays in building and preserving affordable rental homes in a time when millions of Americans — including seniors — are facing housing instability...
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...
‘Unconscionable’: Senior living eliminated from COVID relief package
By
Kimberly Bonvissuto
Feb 26, 2021
With the possibility that President Biden’s $1.9 trillion stimulus bill could come to the House of Representatives for a vote as early as today, senior living industry leaders are sounding the alarm...