Private funding for repairs and improvements could come to America's senior housing for the first time under new HUD rule

2019-08-01T19:09:00-04:00

The U.S. Department of Housing and Urban Development is close to finalizing a major reform of its extensive senior housing portfolio, allowing nonprofit owners of 125,000 apartments to tap private sources of financing for the first time. HUD built nearly 2,900 of these properties over the past three decades. Though owned by nonprofits, the federal government funded their construction and subsidized tenant rents.

The nation's recent crop of senior housing projects could see much-needed improvements come to reality as the United States Department of Housing and Urban Development (HUD) loosens rules dictating where nonprofit building owners can draw funds from to make building repairs.

Tom Davis, director of the Office of Recapitalization at HUD told The Wall Street Journal, “Fundamentally what we’re trying to do is avoid the kind of capital backlog problem that other parts of the affordable housing portfolio have, like public housing."

Editor's Picks #282

2012-09-18T11:58:00-04:00

The NYT reported that Pedro E. Guerrero, a former art school dropout , died on Thursday at his home in Florence, Ariz. w. wynne A.I.A. offered up the following "Pedro has a wonderful book about his photographic work, and I am sadden to hear of his death. Mr. Wright called him ‘Peter’, but the story of his life with FLW is very nice and interesting account of the middle career of Mr. Wright."

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The NYT reported that Pedro E. Guerrero, a former art school dropout who showed up in the dusty Arizona driveway of Frank Lloyd Wright in 1939, boldly declared himself a photographer and then spent the next half-century working closely with him, capturing his modernist architecture on film, died on Thursday at his home in Florence, Ariz. w. wynne A.I.A. offered up the following "Pedro has a wonderful book about his photographic work, and I am sadden to hear of his death. Mr. Wright called him ‘Peter’, but the story of his life with FLW is very nice and interesting account of the middle career of Mr. Wright."

Bustler announced that architect Deborah Berke, founder of New York City-based firm Deborah Berke Partners, was selected as the first recipient of UC Berkeley’s College of Environmental Design (CED) inaugural 2012 Berkeley-Rupp Architecture Professorship and Prize. Aaron Willette commented "I had the pleasure of working with Deborah at Ghost 10, and to nobody's surpri...

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Private funding for repairs and improvements could come to America's senior housing for the first time under new HUD rule

Editor's Picks #282