Sentences with phrase «into affordable housing for seniors»
We're turning it into affordable housing for seniors, plus an all - ages community center.
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Separately, as part of the Affordable Care Act and the revolutionary changes that are underway in Medicare's payments to providers, operators of seniors housing and care properties are considering where they fit into the spectrum of services offered for their residents, as well as for hospital patients in their recovery processes.
At the grand opening ceremony last year, Yonkers mayor Mike Spano praised the effort and said, «We have transformed what stood for years as a symbol of neglect and deterioration into a symbol of hope and new opportunity, providing quality, environmentally sustainable, affordable housing for Yonkers families, seniors and newcomers to our city.»
The demand for affordable, accessible housing will increase as the 65 - and - over population grows; at the same time, as seniors leave their homes and move into assisted living and other arrangements, they will add to the current supply of housing.
About $ 2.3 billion of the total went to affordable multifamily housing, with an estimated $ 1.6 billion allocated for senior housing and $ 454 million funneled into student housing projects.
However, Chapman cautioned, «Not every 55 + household is positioned to buy into such communities, so it's important that local jurisdictions plan to address the growing need for affordable rental housing for seniors as well.»
The money will be used to redevelop a nursing home into a 60 - unit affordable housing project for seniors.