News

LIHTC Year 15 Outline For Planning Process

June 27, 2017, James Lampman, Kevin Morris, & Benjamin Price - In today’s unpredictable affordable housing market, general partners (GPs) need to be planning for Year 15 when a development nears its 10th year.  Due to uncertainty from a new administration and plans for a tax overhaul, it’s…

Affordable Housing Moves To The Suburbs

June 25, 2017, Affordable Housing Finance - Affordable housing developers are increasingly focused on bringing affordable housing to suburban areas — which often resist new development.  Affordable housing advocates have…

Senior Living Developer Misused Millions In Investor Funds, SEC Alleges

June 25, 2017, Lois Bowers, McKnight's Senior Living - The Securities and Exchange Commission is suing a Chicago-based senior living community developer, accusing him of improperly commingling and misusing some of the $88.7 he raised from foreign investors to finance the construction…

Must-Read News: Columbia Pacific’s $2 Billion Senior Housing Play

June 25, 2017, Mary Kate Nelson, Senior Housing News - Happy Monday, Senior Housing News readers!  Here are several stories you simply must read before jumping head on into this week:  Columbia Pacific Advisors, founded in part by Emeritus Co-founder Dan Baty, moved to purchase…

Confessions Of A Senior Housing Operator

June 25, Tim Mullaney, Senior Housing News - High-quality senior housing operating companies are in high demand, as the industry has been inundated with developers and investors seeking steady management of communities they’ve built or acquired.  But these developers and owners don’t all know…

Finding A Path Through The Acronym Maze

June 2017, Patrick Connole, Provider - Long term and post-acute care (LT/PAC) providers are accustomed to tracking the many rules and regulations that guide their business strategies when it comes to the Medicare program, from deciphering annual payment rate rules to meeting new quality incentive…

Providers Incited Over Medicaid Provisions In Senate Health Bill

June 23, 2017, James Berklan, McKnight's Long-Term Care News - Senate Republicans emerged Thursday to release details of their health reform bill that would repeal and replace the Affordable Care Act, and providers made no secret out of their displeasure.  The Senate proposal mirrors…

U.S. Senior Housing Investors Sue Alleged Canadian Fraudsters

June 22, 2017, Mary Kate Nelson, Senior Housing News - If a recently filed lawsuit in Illinois is to be believed, a slew of investors were tricked by Canadian fraudsters who proposed a grandiose senior housing joint venture.  Illinois-based developer SSU LLC, which does business as Sunny…

SEC Slaps Senior Housing Developer With EB-5 Lawsuit

June 22, 2017, Tim Mullaney, Senior Housing News - A development group with plans for a $500 million senior housing pipeline now is embroiled in a lawsuit with the Securities and Exchange Commission (SEC), which is alleging that the developer misused tens of millions of dollars raised through…

Provider, Beneficiary Groups Urge CMS To Fix Observation Stays

June 21, 2017, Amy Huaiquil, Provider - Twenty-five provider and beneficiary groups that are part of an observation stays coalition sent a joint letter to…