HUD Lenders Predict More Senior Housing Construction in 2014 – Senior Housing News

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Oct. 28, 2014 /PRNewswire/ — Housing & Healthcare. "It’s great to work with HUD and our clients to provide financing for top-notch senior care facilities," said Rich Lerner, HHC Finance director..

Doug Duncan, chief economist for Fannie Mae, says he now believes that new-home construction will hit 1.5 million housing units this year, which is 50,000 fewer than the original forecast from the.

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A court of appeals this week ruled in favor of two plaintiffs in a lawsuit filed more than two years ago by the surviving spouse of a reverse mortgage borrower. The ruling places the Department of.

But any mention of a broad “housing recovery” ignores the country’s more than 100 million renters. Abromowitz is a Senior Fellow at the Center for American Progress..

More Americans. measures as the housing recovery gained its footing,” says Doug Duncan, senior vice president and chief economist at Fannie Mae, in the study. “Still, we do not expect to see normal.

Senior Housing News. Assisted living and other residential care facilities can use Section 232. to finance new construction, purchases or substantial rehabilitation.. enables senior housing companies to act more quickly to refinance. Several senior housing lenders, including Columbus, Ohio-based.

Residential construction employment shows whether housing is helping jobs. to now (March 2014), compared with 5% for the U.S. overall,” Trulia says. Trey Garrison was a Senior Financial Reporter.

The Account for Low-Income Housing (Trust Fund) is a state-funded program for affordable housing. Funds are allocated by formula to participating jurisdictions (state and local governments) to expand and improve the supply of rental housing through new construction and rehabilitation of multifamily projects.

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Housing authority funding down another year as officials brace for further cuts.. a 100-unit senior living community in Henderson that opened in 1973.. HUD announced in a July 6 news release.

Financing for senior housing from the U.S Department of Housing and Urban Development (HUD) continues to dip dramatically, according to recently released numbers. HUD’s Lean mortgage insurance.

facilities all provide seniors increased housing options beyond renting, these can also be cost-prohibitive and are better options for some seniors more than others. Cuts in government assisted housing are harmful to rural seniors. Government assisted housing programs for seniors, like hud section 202, USDA Section 515, and USDA