Sentences with phrase «seniors housing projects»

His firm has continued to loan for seniors housing projects, such as the recent closing of a $ 14.4 million FHA - insured HUD loan to refinance Pleasant Lake Villa, a 239 - bed skilled care and assisted living nursing home in Parma, Ohio.

Financing for seniors housing projects has been tight ever since the capital squeeze hit last August.

Currently, the firm has 15 seniors housing projects in various stages of development, including two new projects in New Jersey that broke ground this summer.

The communities have a slower turnover rate of residents than other seniors housing projects, such as stand - alone assisted - living buildings.

Since seniors housing projects employ a large number of workers relative to the project costs, seniors housing projects are generally viable for EB - 5 capital whether or not the project works with a Regional Center.

NREI: Regarding medical facilities and seniors housing projects, which geographic markets and property sub-sectors do you see as having the best opportunities right now?

Since its inception in 1982, Dallas - based Greystone Communities has developed or managed 100 seniors housing projects, according to company founder Michael B. Lanahan.

It could be a good time to sell high - quality seniors housing projects.

In the last decade, seniors housing projects have become popular additions to college campuses.

With a quickly growing inventory of new seniors housing projects, the Houston area might not seem like the best place to build another facility.

Three out of 10 lenders anticipate that the dollars used to finance seniors housing projects will decrease by 10 % to 24 % over the next two years.

Our professionals stay up - to - speed on the evolving regulatory environment, investment impacts and demographic trends to deliver accurate and reliable services for your seniors housing projects.

Michelle Vincent Parker, Real Estate and Banking, Dallas: Michelle focuses her practice on commercial real estate and banking, which includes interim, permanent, and construction financing related to loans secured by commercial real estate, including retail, office, multifamily, and seniors housing projects.

His administration contends that a proposed Norfolk Street senior housing project and a new Gouverneur Health nursing wing will help make up for the loss of the 219 - bed nursing facility at Rivington House, but those projects were already in the works before the Rivington House scandal.

The policy is aimed at bringing the six IDAs in Erie County under a standard policy that provides guidelines on what types of senior housing projects could be eligible for tax breaks and which ones would not.

The ECIDA Board also unanimously approved approximately $ 248,750 in incentives for 240 Kensington, LLC, which proposed a $ 5 million, 41,000 sq. ft. senior housing project on Buffalo's East Side.

The Erie County Industrial Development Agency gave preliminary approval to a new county - wide policy that would place additional restrictions on tax breaks for senior housing projects, especially those that would build market - rate apartments aimed at middle - and upper - class seniors.

Buffalo, NY — The Erie County Industrial Development Agency's Board of Directors approved a new policy narrowing the scope of broader State law that allows IDA's to offer tax incentives to developers for market rate senior housing projects.

The proposed new policy, which was passed by ECIDA's Policy Committee on Thursday, addresses a sticky problem for the six agencies that have struggled with the question of whether and how to support for - profit senior housing projects in recent years.

While some voting «yes» to the new criteria say for - profit market - rate senior housing projects should, in theory, be handled entirely by the private market, supporters of the guidelines add that with an aging local population and places in Erie County in need of additional senior homes, especially in the Southtowns, the door could be left open to some projects by ensuring they comply with the ECIDA's new criteria.

WEST BLOOMFIELD — One new senior living community is on track to occupy a former elementary school, and a second senior housing project may be reworked for another former school site in the township.

Originally created to provide capital to startup companies, online investing has grown so successful that it's starting to hit the seniors housing market, with the first seniors housing project breaking ground this year in Bloomington, Ind....

Over the years, the company has had a considerable amount of experience in developing and managing publicly - funded housing and FHA - insured multifamily and senior housing projects, King noted.

Strong relationships form the basis of Cambridge Realty Capital and are one of the biggest contributing factors to its success throughout the years in financing senior housing projects in 25 states.

The senior housing project was the first to open in Irvine in 20 years.

Not exact matches

Capital Impact Partners is among the largest of the roughly 1,000 CDFI's in the U.S., having invested $ 1.8 billion in senior care, affordable housing, education and public nutrition projects in distressed and low - income communities across the country.

One would expect the list of EB - 5 projects to continue to grow, particularly given demographic changes in the U.S. (Healthcare projects, such as hospices, long - term care facilities, medical centers and public housing for seniors could all see increased EB - 5 investment.)

housing agency said Friday it needs a $ 1.7 billion bailout from the Treasury to cover projected losses in a mortgage programs for seniors.

These services in Indianapolis may include the Community Mental Health Center, the family courts, the juvenile courts, the Suicide Prevention Center, child guidance centers, senior citizens programs, rehabilitative workshops such as the Goodwill Industries, schools for the blind or deaf, recreation and tutoring, housing and employment projects.

In a Rolling Meadows advisory referendum, voters rejected plans for a senior citizen housing project that would have cost about $ 4 million.

In Glen Ellyn, perhaps the most significant project being considered is the Glen Ellyn Square proposal to build 66 units of senior housing, 8,000 square feet of retail space and a parking deck on a municipal parking lot on Main Street.

For that reason, and because of the multitude of community projects that I have been responsible for, such as: construction of low - income housing; repair of train stations; re-pavement of streets; Implementation of charter schools; services for senior citizens, immigrants, non-medallion taxi car drivers, and many more initiatives, I believe that the residents of the 32nd Senatorial District in Bronx County have been well represented during the past 15 years,» he said.

CNSE CEO and Senior VP Alain Kaloyeros and GlobalFoundries CEO Ajit Manocha both got to speak, (a sort of consolation prize for Manocha, whose project was snubbed by the White House in favor of Kaloyeros» easier to reach and less baggage - laden baby).

Masonry Services Inc. and its owners James Herrera and Jaime Herrera — who have both donated to Diaz Jr. — agreed to pay $ 600,000 in back wages and costs after Attorney General Eric Schneiderman investigated them for cheating workers out of the same sum on a taxpayer - funded affordable housing project for seniors in Brooklyn.

The City will leverage Project - Based Section 8 vouchers to make housing affordable to those seniors whose income remains stagnant or declines over time, and will continue to push for expanding income eligibility in the SCRIE program.

Also at 10 a.m., NYC Councilman Andy King and NYCHA Chairwoman and CEO Shola Olatoye, joined by state Sen. Ruth Hassell - Thompson, lead a tour of the authority's Boston Secor Houses, as King discusses nearly $ 1.5 million in funding for projects to install security cameras and renovate the public housing development's senior center and track and field; 3475 Bivona St., the Bronx.

(February 3, 2017) New York State Homes and Community Renewal joined Selfhelp Community Services, Broadway Mosholu LLC, Enterprise Community Partners, local leaders and project partners to celebrate the ribbon - cutting of the $ 26.4 million Van Cortlandt Green, an affordable housing development for low and middle - income seniors in the Riverdale community of the Bronx.

It was made possible with the support of senior advocates in Rye, the hard work of Lazz Development in designing a beautiful project and Governor Cuomo's housing team through which NYS provided essential funding that made these new senior units possible.»

A groundbreaking for a groundbreaking project: subsidized housing being built in the Bronx for low - income LGBT seniors.

Cuomo and Mahoney announced earlier this year a $ 30 million state grant for a combined project that would add a new amphitheater as well as pedestrian walkways, senior housing and new business district facades in the nearby village of Solvay.

At 5 p.m., NYC Mayor Bill de Blasio de Blasio will participate in a town hall meeting related to senior housing hosted by Councilwoman Helen Rosenthal and Manhattan BP Gale Brewer; sponsored by Goddard Riverside Community Center, JASA, the Lincoln Square Neighborhood Center and Project Find; and in coordination with AARP, Lincoln Square Neighborhood Center, 250 W 65th St., Manhattan.

But The Herald's findings on the issue of the US$ 24 million Tema Housing project awarded Amandi, are that the project is rather constructing and increasing the residential facility for both junior and senior staff from a paltry 17 apartments for senior staff to a whopping 192 two and three bedrooms for both junior and senior staff of COCOBOD.

One of the reasons Chin is facing opposition is because of her support for the Elizabeth Street Garden project, a proposed development that will replace the Elizabeth Street Garden with a six - story building slated as affordable housing for seniors, while also providing some green space.

The policy, approved earlier this month by the Erie County IDA's policy committee and sent to each of the county's IDAs for consideration, would cover for - profit senior citizen housing projects where at least 90 percent of the units are rented to, and occupied by, people who are at least 60 years old.

Among the nine criteria used to evaluate projects are the location of the development in relation to the municipality's master plan, efforts to advance the creation of walkable neighborhoods, a «significant unmet need» in the community for senior housing, and whether the project will be at least 50 % occupied by seniors with an income at or below 60 % of the median income in Erie County.

«This policy will responsibly incentivize appropriate developments and projects that benefit low income seniors, aiding in the diversification of our senior housing stock and also expanding the areas in which seniors live.

«We want to encourage the development of housing for the senior population in Erie County, but we want to make sure that tax incentives are reserved for well - thought out projects that will benefit lower income seniors and the community in general, not projects that the private market can bear,» Weathers said.

Darryl C. Towns Commissioner / CEO of New York State Homes and Community Renewal (HCR) said, «The West Tremont Senior Residences is a transformative project that will revive a community with affordable housing and sets the stage for further community renewal.

Expanding the planned project to include city - subsidized units allows the mayor to keep his promise to pay at least $ 16 million to replace the senior housing lost in the Rivington House sale.

But, what made the nearly $ 5 million project — slated for a former brownfield site along Kensington Avenue — was the fact it was the first application to the county agency since a more stringent set of requirements governing senior housing developments was approved this past summer.