Monthly Archives: July 2017

Every little bit counts

It is very difficult for an apartment complex that serves low-income senior citizens to break even without some form of a subsidy or incentive. These can come in many flavors. Layering the subsidies on top of each other can result … Continue reading

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How non-profits can do well by doing good

Developing affordable homes for senior citizens does two things for non-profit entities. First, it gives them an independent, unrestricted program revenue stream to fund their activities. Second, it provides a critical service to the people the non-profits were founded to … Continue reading

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Tax credits, and how to use them

The federal government encourages developers to build affordable housing by offering them low-income housing tax credits (LIHTCs). Developments that meet certain criteria earn tax credits that can be used to offset taxes they owe to the IRS. If the developer … Continue reading

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Why independent living?

Studies have shown that the best living arrangement for the physical and mental health of an older person is to live on their own in their own space, if possible. This arrangement is called independent living. The person in question … Continue reading

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