News & Analysis as of

Senior Housing Real Estate Development

Davies Ward Phillips & Vineberg LLP

New GST Rebate for Purpose-Built Rental Property

As an incentive to builders to create more rental housing units, the federal government has announced the effective elimination of the goods and services tax (GST) payable on newly constructed rental housing, such as...more

Lowndes

New Senior Living Construction Is Up, But Proceed with Caution

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Tim Regan of Senior Housing News recently authored an article entitled, “Why Senior Living Developers Should Be Careful as New Construction Ramps Up Again,” that warns of several factors that must be considered in today’s...more

Lowndes

Luxury Senior Living Targets Boomers

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On November 27th in The New York Times, Steven Kurutz reviewed three luxury senior living locations in New York City, as representing a small but recent trend in senior living for Baby Boomers.  They were the Watermark at...more

Barnea Jaffa Lande & Co.

Much More than 66% – Must-Know Changes in the Urban Renewal Field

Barnea Jaffa Lande & Co. on

After years of expectations, the government has approved the legislative amendments needed to promote “Urban Renewal” projects in Israel. While everyone is talking about the amendment lowering the threshold of consent for...more

Akerman LLP

Termination of NYC Housing Preservation and Development’s Privately Financed Affordable Senior Housing

Akerman LLP on

At the end of 2020, The Department of Housing Preservation and Development (HPD) announced that they will be rescinding the Privately Financed Affordable Senior Housing (PFASH) Term Sheet originally issued on July 18, 2019,...more

Akerman LLP

Termination of NYC Housing Preservation and Development's Privately Financed Affordable Senior Housing

Akerman LLP on

At the end of 2020, The Department of Housing Preservation and Development (HPD) announced that they will be rescinding the Privately Financed Affordable Senior Housing (PFASH) Term Sheet originally issued on July 18, 2019,...more

Lowndes

COVID Impacts Senior Housing Construction

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The impact of the COVID-19 Coronavirus is not limited to making it harder to sell a senior living community due to nervous buyers and lenders (although we are seeing a thaw).  Senior Housing News reports that it has also...more

Lowndes

Retail Struggles Become Senior Housing Opportunities

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On October 25, John F. Wasik penned an interesting article in The New York Times regarding the conversion of shopping mall properties into senior housing. With over 25,000 stores perhaps closing by the end of the year, and...more

Lowndes

Age-Restricted Communities: How to Comply with Federal and State Law

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Many communities desire to place age restrictions on who can live in the community as such restrictions allow a community to provide the benefits of senior housing to its residents, including a prohibition of children under...more

Lowndes

Industry News Briefs

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Happy New Year! Did I Miss My Chance at Opportunity Zones? Opportunity zones were introduced in 2017 as part of President Trump’s tax reform bill. Taxpayers with capital gains can receive several tax benefits if the...more

Farrell Fritz, P.C.

Negative Declaration SEQRA Review Upheld for Fairway Manor Expansion in Town of Islip

Farrell Fritz, P.C. on

Fairway Manor, a senior rental housing complex for ages 55 and older, located on the border of Blue Point and Bayport, was created in 1991 when the Town Board of the Town of Islip approved a change of zone application on a 70...more

Lowndes

Senior Housing and the LGBT Senior Community

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The Real Deal reported a Thirty Million Dollar affordable housing project in Long Island aimed at the LGBT Senior community. It is open to all and is being funded by State and Federal Tax Credits, a state loan and some...more

Tonkon Torp LLP

The Silver Tsunami Will Shape Seniors Housing Development

Tonkon Torp LLP on

I’ve been helping clients develop and manage seniors housing projects in a national market that has experienced steady growth in recent years. Seniors housing is need-driven with many seniors moving into independent living,...more

Orrick, Herrington & Sutcliffe LLP

Addressing the Growing Need for Senior Living Projects Through Tax-Exempt Bonds A Guide for Senior Living Facility Owners,...

As the senior population continues to grow, so does the need for housing built specifically for seniors, such as multifamily senior apartments, continuing care retirement communities, independent living and assisted living...more

Lowndes

Your 2017 Predictions (Part Five of Five)

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Our final question to participants was an open-ended one: what are their biggest concerns for the coming year. As you’ll see from the results below, there are a wide variety of concerns – a few of which revolved around the...more

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