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Affordable Housing

Hawthorne-Heights_Gainesville-Fla
Affordable HousingDevelopmentFinanceFloridaNews

National CORE Receives $19.5M Construction Financing for Affordable Seniors Housing Project in Florida

by Hayden Spiess

GAINESVILLE, Fla. — Nonprofit developer National CORE has received $19.5 million in construction financing to fund the development of Hawthorne Heights, a new affordable seniors housing project in Gainesville.  KeyBank Community Development Lending and Investment provided a $13 million loan and secured a $6.5 million Freddie Mac permanent loan on behalf of the borrower.  National CORE received additional funding from Red Stone, which provided low-income housing tax credit equity and bonds from the Florida Housing Finance Corp., for the project. The project also qualifies for real estate tax abatement. Upon completion, …

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Peter Feeney DISH Business quote from article
Active AdultAffordable HousingAssisted LivingCCRCContent PartnersFeaturesIndependent LivingIndustry ContentMemory CareOperationsSkilled NursingTechnology

How Tech-Forward Entertainment Drives Resident Satisfaction, Revenue

by Sarah Daniels

The next generation of residents entering senior living communities is more digitally native than ever before. Many have embraced mobile devices, smart technology and digital streaming, and they expect the same convenience and technology in their seniors housing environments. According to a recent AARP survey, nearly two-thirds of respondents say technology enriches their lives by making daily life and aging easier.​ They’re increasingly using digital services to manage their finances, social lives and health and wellness. AARP research also found that among adults aged 50 and over, 91 percent own …

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Aloha-Iā-Halewilikō_'Aiea-Hawai'i
Affordable HousingDevelopmentHawaiiNews

EAH Housing Begins Leasing at $62M Affordable Community in Hawaii

by Hayden Spiess

‘AIEA, HAWAII — Nonprofit organization EAH Housing has begun leasing at Aloha lā Halewilikō, a new affordable seniors housing community in ‘Aiea.  Totaling 140 units, the property is reserved for residents age 62 and older. Residences are available for households earning 30, 50 and 60 percent of the area median income.  Units at the community include 83 studio and 56 one-bedroom apartments, as well as a manager’s unit. Amenities at the development include a multipurpose room, walking paths, fitness facilities, community gardens and digital literacy programs. Local nonprofit partner Lanakila Pacific …

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Coventry Court
AcquisitionsAffordable HousingCaliforniaNews

Jonathan Rose Cos. Acquires Coventry Court for $83M

by Hayden Spiess

TUSTIN, Calif. — Jonathan Rose Cos. has acquired Coventry Court, a seniors housing community located in Tustin, for $83 million. Meta Housing Corp. was the seller.  Developed in 2012, the property features 240 units, with 153 residences designed as affordable and reserved for seniors earning 50, 60 and 110 percent of the area median income. Consequently, the property qualifies for a 40 percent tax abatement. The other 87 units at the community are market rate.  Jim Fisher, Vince Norris, Mike Smith and Tommy Yates of Northmarq brokered the transaction on behalf …

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Emergency Plans EAP Quote from Article, Scott Wede Kings III
Active AdultAffordable HousingAssisted LivingCCRCContent PartnersFeaturesIndependent LivingIndustry ContentOperationsSkilled NursingTechnology

Emergency Ready: Promote Resilient Life Safety Programs in Senior Communities

by Sarah Daniels

In seniors housing, safety isn’t just a protocol; it’s a promise. With residents and their loved ones relying on clear communication and quick responses, creating and maintaining a robust emergency action plan (EAP) tailored for senior living communities is essential. From fires and severe weather to power outages and elevator malfunctions, preparation and well-tested systems can help to keep seniors safe and cared for, while reassuring families and reducing property risk. Here’s how owners and operators can build a safer, more responsive environment for residents, staff and families alike. EAP: …

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Affordable HousingDevelopmentNew YorkNews

Mulford Corp., The Community Builders, Yonkers Housing Authority Break Ground on Affordable Seniors Housing Development in Yonkers, New York

by Hayden Spiess

YONKERS, N.Y. — The Mulford Corp., The Community Builders (TCB) and Yonkers Housing Authority have broken ground on a new affordable seniors housing development located in Yonkers.  Dubbed Willow at The Ridgeway, the project marks the sixth and final phase of the redevelopment of the former Cottage Place Gardens public housing complex.  Upon completion, the community will comprise 92 units, with 85 one-bedroom and seven two-bedrooms apartments. The one- and two-bedroom residences will average 550 and 800 square feet, respectively.  Apartments will be reserved for seniors referred from the Yonkers Housing …

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Mount Hermon Apartments
Affordable HousingDevelopmentFloridaNews

HTG, Mount Hermon AME Church Open $43.5M Affordable Seniors Housing Community in Fort Lauderdale, Florida

by Hayden Spiess

FORT LAUDERDALE, Fla. — Housing Trust Group (HTG) and Mount Hermon African Methodist Episcopal Church have opened Mount Hermon Apartments, a new affordable seniors housing community in Fort Lauderdale. Development costs totaled $43.5 million.  Monthly rental rates at the community, which features one- and two-bedroom apartments, range from $433 to $1,422 per month. Units are reserved for seniors earning at or below 25 and 60 percent of the area median income. According to Apartments.com, the average rental rate for a one-bedroom apartment in Fort Lauderdale is $2,222.  Amenities at the property …

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Culbreath_Dallas
Affordable HousingDevelopmentFinanceNewsTexas

Lument Secures $33.6M Construction Loan for Affordable Housing Development in Dallas

by Hayden Spiess

DALLAS — Lument Real Estate Capital has arranged a $33.6 million Freddie Mac loan to facilitate the construction of a new affordable seniors housing development in Dallas. The borrowers are DHA Housing Solutions of North Texas and Volunteers of American National Services (VOANS). Tracy Peters and Dale Giffey of Lument led the transaction.  In addition to the $33.6 million Freddie Mac Tax-Exempt Loan (TEL), Lument Securities provided bond underwriting services for $45.6 million in tax-exempt cash collateralized bonds. The total project cost is $96.7 million.  Upon completion, the property, dubbed The …

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CBRE Seniors Valuation June panel
AcquisitionsActive AdultAffordable HousingAssisted LivingCCRCDevelopmentFinanceIndependent LivingIndustry ContentInvestmentMemory CareOperationsSkilled NursingTechnologyVideosWebinars

Webinar: 2025 Seniors Housing Investment Outlook — Where Is Deal Velocity Now and Where Is It Headed?

by Sarah Daniels

The June 17 webinar “2025 Seniors Housing Investment Outlook — Where Is Deal Velocity Now and Where Is It Headed?” sponsored by CBRE, convened a powerhouse panel of executives from across the investment, development, lending and operating landscape. The session delivered candid insights on the seniors housing market’s shifting terrain as panelists discussed capital market dynamics, operational challenges and forward-looking investment and development strategies. The webinar addressed critical questions facing the seniors housing sector as we move into the second half of 2025: Who’s investing? What capital is available? How …

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Ekos Cadenza
Affordable HousingDevelopmentFloridaNews

McDowell Housing Partners Completes Construction of 160-Unit Affordable Housing Community in Florida

by Hayden Spiess

NAPLES, Fla. — McDowell Housing Partners (MHP) has completed the construction of Ekos Cadenza, a 160-unit affordable seniors housing community in Naples. This marks MHP’s second phase of development at the site. The first phase, which also comprises 160 units of affordable housing for seniors, opened in October 2024.  Totaling five stories, Ekos Cadenza features studio, one- and two-bedroom residences ranging from 527 to 1,007 square feet. Amenities at the community include a swimming pool, wet bar, fitness center, game room, media center, pickleball court and clubhouse.  The Healthcare Network of …

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