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Senior Housing rssfeed

The latest information on operational, regulatory, legislative and legal issues relating to subsidized and market-rate senior housing.

Senior Housing: Why and How Do We Advocate?

Housing is a basic human need that growing numbers of elders and people with disabilities cannot afford.  LeadingAge and its members are the chief advocates for a strong federal role in affordable senior housing – development, preservation and management including housing with supportive services. The programs for which we have worked over several decades face a number of challenges. We continue to advocate for creative solutions to ensure safe, decent and affordable housing for our nation’s elders.

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LeadingAge Task Force Recommends 202 PRAC Preservation Strategies

LeadingAge convened In Feb 2015 a group of housing providers and advocates interested in developing a preservation strategy to address the rehab needs of aging Section 202 project rental assistance contract (PRAC) properties. In 2016, the task force presented its three-pronged strategy and claimed an early victory as one component has already been included in the administration's FY17 budget proposal. 

Multifamily Accelerated Processing Guide Revised, Summary of Critical Changes

The long-awaited revised MAP guide was issued on January 29, 2016, and in it we have found some changes that are important to note for those using FHA financing for preservation of HUD funded properties.  

Passbook Savings Rate Remains Same

HUD has issued Notice H 16-01 Passbook Savings Rate Effective February 1, 2016.  The notice reflects no change in imputed income from assets. 

FASB Moves Forward With Reporting Model Changes for Nonprofits

The Financial Accounting Standards Board (FASB) has announced plans to move forward on proposed accounting standards changes for nonprofit organizations. 

HUD Announces Funding Availability for New Supportive Services Research Demonstration

HUD announced January 20 the availability of $15 million in funding for up to 80 participants in a new Supportive Services Demonstration for Elderly Households in HUD-Assisted Multifamily Housing.   The purpose of the Demonstration is to produce valid evidence about the impact of supportive services for the elderly on health outcomes.