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 during the coronavirus pandemic.
Two pieces of legislation introduced at the federal level aim to support affordable senior housing residents and providers during the COVID-19 pandemic, as well as ensure that elder abuse training materials include individuals with dementia.
Although it remains to be seen whether the HEROES Act reaches the president’s desk, five provisions of the original or House-passed bill have a chance of becoming law, according to one source. Read other coronavirus-related news, too.
Confusion over whether not-for-profit affordable seniors housing providers are eligible for loans through the federal Paycheck Protection Program has providers in danger of either being penalized if they accepted funds inappropriately or of missing out on funds if they don’t apply because they believe they aren’t eligible. Today is the deadline for all PPP borrowers to return funds without penalty if they received funds for which they are not eligible.
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 living project, Westport Cupertino. According to a Globe St.com article, the development had exceeded the city of Cupertino’s inclusionary Below Market Rate Housing Program with plans to offer more than 20% of the allowed units at affordable rates.
Department of Housing and Urban Development Secretary Ben Carson announced Friday that the department will allocate $685 million in COVID-19 relief funding to help low-income Americans residing in public housing.
The Department of Housing and Urban Development has developed a series of support vehicles as part of its COVID-19 assistance program, designed to help its seniors housing and healthcare borrowers address their obligations to the agency and also to take care of their residents.
As the unfolding COVID-19 pandemic ravages the nation’s economy, the ranks of seniors requiring affordable housing and care will escalate, warns a recent National Investment Center for Seniors Housing & Care-sponsored blog.
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 with multifamily mortgages insured by the Federal Housing Administration or borrowers participating in other HUD multifamily housing programs.
LeadingAge has sent a second letter to the White House Coronavirus Task Force, asking the White House and Department of Housing and Urban Development to issue guidance and offer regulatory relief for the thousands of HUD-assisted communities primarily serving older adults. The CDC, CMS and the Department of Justice also announced developments over the weekend.
