When the federal government expanded the COVID-19 vaccination rollout last week, affordable senior housing providers met the news with excitement and a little bit of concern.
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 care sector: report … HHS opens COVID-19 vaccines to seniors in independent living, affordable housing … Increased penalties for nursing homes likely under Biden administration: experts
Omega reinstates dividend reinvestment and optional cash purchase … Most companies favor supporting parents of young children over employees who care for aging parents, spouses or other adult loved ones: S&P Global/AARP survey … Long-term care COVID-19 vaccination rollout has begun … Alliant Capital closes on $130M low-income housing tax credit fund that will help create and preserve about 1,100 units of affordable housing for seniors and families across 8 states … JASA Corp. receives $74.5M in FHA Section 223(f) refinancing for New York affordable seniors housing community … Monticello provides $20M in financing for acquisition of SNFs in Kansas and Ohio … Sequoia Living opens senior living community in Walnut Creek, CA
Fighting COVID-19, ensuring access to long-term services and supports, and improving access to affordable housing are among the suggested actions LeadingAge laid out Tuesday to President-elect Joe Biden’s administration and members of the transition team.
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 of how cities, states and developers around the nation are working to address the need for more affordable housing.
Independent living and assisted living operators continue to face occupancy pressures: Ziegler poll … Many hospitals again postponing elective surgeries amid COVID-19 surge … Ensign Group acquires 116-bed Texas skilled nursing facility … Capital Senior Living completes $18M sale of Ohio senior living community … Real estate investment firm Eagle Arc purchases two South Florida SNFs for $36.4M … Enterprise Community Development completes construction of $30M affordable seniors housing project in Richmond, VA … Social Security likely to feel effects of COVID-19 long after pandemic is over
Approximately 5.8 million Americans — including many seniors — say they are somewhat or very likely to face eviction or foreclosure in the next two months, according to a Bloomberg analysis of survey data from the U.S. Census Bureau.
The federal government has announced a second application period for COVID-19 supplemental payments for affordable senior housing providers and other multifamily housing providers.
Although recent federal budget changes for safety net programs hold some promise for the housing needs of low-income older adults, funding falls well short of what is needed, according to “The State of the Nation’s Housing 2020” report recently released by the Joint Center for Housing Studies of Harvard University.
Of the nation’s 33 million older adult households, about 15%, or more than five million, are severely cost burdened, spending more than half of their income for housing. That’s according to data from a new report released by the Joint Center for Housing Studies of Harvard University.
