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Affordable Housing

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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Arbor-Crest_Silver-Spring-Md
AcquisitionsActive AdultAffordable HousingMarylandNews

Northern Liberties, Equity Resource Investments Acquire Arbor Crest in Silver Spring, Maryland

by Hayden Spiess

SILVER SPRING, Md. — Northern Liberties and Equity Resource Investments have acquired Arbor Crest, an affordable housing active adult community located in Silver Spring.  Built in 2004, the property totals 80 units for residents age 62 and older.  Units are reserved for residents earning between 45 and 70 percent of the area median income. As part of the acquisition, Northern Liberties has entered into an agreement with Montgomery County through its payment in lieu of taxes (PILOT) program. All county property taxes will be abated for 20 years in exchange for …

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Blueprint seniors webinar panel
Active AdultAffordable HousingAssisted LivingCCRCFeaturesFinanceIndependent LivingIndustry ContentInvestmentMemory CareVideosWebinars

Seniors Housing Shift — How Underwriting, Valuation, and Capitalization are Changing

by Sarah Daniels

The June 5 webinar “Seniors Housing Shift: How Underwriting, Valuation, and Capitalization Are Changing” brought together industry leaders to share insights on evolving investment strategies, lending dynamics and value trends across the seniors housing sector. Sponsored by Blueprint, the session offered expert commentary on a transforming market as operators and capital providers recalibrate while costs, occupancy, margins and interest rates stabilize. The panel examined shifts in underwriting assumptions, investor return expectations and the availability of both debt and equity capital. With a focus on market fundamentals and practical strategies, the …

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Parkview-Glendale-Redevelopment
Affordable HousingCaliforniaDevelopmentNews

EAH Housing to Redevelop Assisted Living Community in California Into Affordable Housing 

by Hayden Spiess

GLENDALE, Calif. — EAH Housing, a nonprofit housing developer and manager, has announced plans to redevelop Parkview Glendale, an assisted living community located in Glendale.  Upon completion, the property will feature 68 units of affordable housing for seniors. Originally built in 1973, the community will comprise 20 studio apartments ranging from 350 to 360 square feet and 47 one-bedroom apartments ranging from 400 to 475 square feet, as well as a 750-square-foot manager unit.  Amenities at the 43,000-square-foot property will include a community room, community garden, courtyards and a resident lounge.  …

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hospitality/TV Seniors quote from article by Peter Feeney
Active AdultAffordable HousingAssisted LivingCCRCContent PartnersIndependent LivingIndustry ContentMemory CareOperationsSkilled NursingTechnology

How to Leverage TV to Improve Operating Margins, Resident Experiences

by Sarah Daniels

After seniors housing occupancy experienced a dramatic slump during the pandemic lockdowns and a plodding recovery, demand for senior living is now as strong as ever. However, financial pressures such as rising labor, healthcare and insurance costs continue to plague the industry, and experts don’t expect much relief from these factors in the near future. Against that backdrop, seniors housing owners and operators are seeking innovative ways to balance their budgets via new revenue sources without compromising the resident experience. One solution that can satisfy those criteria incorporates a technology …

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Affordable HousingDevelopmentFloridaNews

National CORE to Develop 144-Unit Affordable Housing Community in Fort Myers, Florida

by Hayden Spiess

FORT MYERS, Fla. — National CORE has announced plans to develop Oak Park Senior Living, an affordable seniors housing project in Fort Myers.  Upon completion, the four-story community will feature 144 apartment units for residents age 62 and older earning between 30 and 65 percent of the area median income. Residences will include 124 one-bedroom apartments and 20 two-bedroom apartments. Amenities at the property will include a community room, cybercafe, swimming pool, fitness room, community garden and pickleball court.  Residents will have access to computer training, daily activities and free assistance …

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Miranda Sliter Kings III elevator code compliance seniors quote
Active AdultAffordable HousingAssisted LivingCCRCContent PartnersFeaturesIndependent LivingIndustry ContentSkilled NursingTechnology

Two-Way Audio-Visual Systems Offer Innovative, Reassuring Solutions for Elevator Emergencies

by Sarah Daniels

Elevators are something that most people take for granted until there’s a problem. Senior living residents may face various communication difficulties that can make elevators, and related emergencies, especially difficult to navigate. Hearing loss, vision impairments, difficulty speaking, confusion and anxiety can intensify the impact of mechanical malfunctions, medical emergencies or situations where residents become disoriented and unsure of their surroundings.  When dealing with these problems in a senior living setting, where residents are often in more vulnerable conditions, there is a heightened sense of urgency. Having both eyes and …

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Poinciana-Parc_Osceola-County-Fla
Affordable HousingDevelopmentFloridaNews

Green Mills Group Breaks Ground on $26M Affordable Housing Community in Florida

by Hayden Spiess

OSCEOLA COUNTY, Fla. — Green Mills Group has broken ground on a $26 million affordable seniors housing community in Osceola County.  Dubbed Poinciana Parc, the property will comprise an 86-unit mid-rise building. Amenities at the community will include a fitness center, business center, club/game room, laundry room and swimming pool.  The Florida Housing Finance Corp. awarded the project a 9 percent tax credit allocation in May 2023. Additional funding is being provided by Green Mills Group, TD Bank, Raymond James Affordable Housing Investments and Neighborhood Lending Partners. 

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Avonlea-Senior_Chantilly-Va
Affordable HousingDevelopmentIndependent LivingNewsVirginia

True Ground Housing Partners Underway on $64M Affordable Seniors Housing Community in Metro D.C. 

by Hayden Spiess

CHANTILLY, Va. — True Ground Housing Partners has broken ground on a new affordable seniors housing community in Chantilly, roughly 30 miles outside Washington, D.C. Dubbed Avonlea Senior, the development will be situated within the Avonlea Town Center master-planned community by Peterson Cos.  Upon completion, the project will comprise 137 units reserved for residents age 55 and older. The property will also feature a wellness suite, business center and two community rooms.  Development costs will total roughly $64 million. Completion of the community is scheduled for summer 2026.  Financing for the …

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Mary-Hardesty-House_Berryville-Va
AcquisitionsAffordable HousingNewsVirginia

Greysteel Brokers $5.9M Sale of Affordable Seniors Housing Community in Virginia 

by Hayden Spiess

BERRYVILLE, Va. — Greysteel has brokered the $5.9 million sale of Mary Hardesty House, an affordable seniors housing community located in Berryville, roughly 65 miles northwest of Washington, D.C. Community Housing Partners was the buyer.  Totaling 60 units, the property was developed using low-income housing tax credit (LIHTC) financing and is engaged in a long-term affordable housing use agreement. Amenities at the property include a game room, social gathering area, fitness center, outdoor patio and grill and salon.  Fletcher Hultman, Justin Mazzamaro and Henry Mathies of Greysteel represented the seller, The …

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