Affordable Housing

Forest-Glen-Titusville
Affordable HousingDevelopmentFloridaNews

Housing Trust Group, HFH Supportive Housing Plan 80-Unit Affordable Seniors Community in Titusville, Florida

by Lynn Peisner

TITUSVILLE, Fla. — Housing Trust Group (HTG) has secured financing and began construction on Forest Glen, an. 80-unit, $28 million affordable seniors housing community in Titusville. The project is HTG’s second in Titusville and third development built in partnership with HFH Supportive Housing, a nonprofit dedicated to providing affordable housing and support services in Brevard County. Forest Glen will have 72 one-bedroom units and eight two-bedroom units with rents ranging from $750 to $1,350 per month for income qualifying residents who earn at or below 40 percent and 60 percent …

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Sunset-Haven-Brownsville
Affordable HousingNewsTexas

Hunt Capital Partners Transfers Ownership of LIHTC Property to City of Brownsville

by Lynn Peisner

BROWNSVILLE, Texas — Hunt Capital Partners has transferred its interests in Sunset Haven Apartments, a 100-unit affordable housing community in Brownsville, to the Brownsville Housing Management Corp. (BHMC), an affiliate of the Housing Authority of the City of Brownsville (HACB). Since its development in 2008, Sunset Haven has served seniors earning up to 30 and 60 percent of area median income (AMI). HACB’s goal is to acquire full ownership of the tax credit properties within city limits. Once a compliance period is reached, transference of ownership to a city or …

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Hawthorne-Heights
Affordable HousingDevelopmentFinanceFloridaKeyBankNews

National CORE Secures Funding for Affordable Community in Gainesville, Florida

by Lynn Peisner

GAINESVILLE, Fla. — KeyBank Community Development Lending and Investment has provided a $13 million construction loan to National CORE, a nonprofit developer, to finance Hawthorne Heights, an 86-unit affordable seniors housing project in Gainesville. KeyBank Commercial Mortgage Group also arranged a $6.5 million Freddie Mac permanent loan for the project.  Hawthorne Heights will serve seniors aged 62 and older with five units specifically set aside for individuals with special needs. The five-story building will be constructed on a 3-acre site, and, in addition to the special-needs units, will offer three …

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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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