Mission: Possible Creating and Preserving Affordable Senior Housing

Recorded: July 25, 2007

The nation’s urgent need to provide more affordable housing for the low-income elderly will only increase in the coming decade. A recent survey found that for every unit of affordable senior housing that becomes available, there are at least 10 eligible seniors on the waiting list for it. The pressure is on not-for-profit entities to develop new units and preserve the existing housing stock, and major opportunities await for-profit partners. As a not-for-profit, how can you make affordable senior housing happen and reap positive financial benefits? As a for-profit developer, property manager, consultant or banker, how can you be a player in these deals? To get answers to these questions and more, listen to or read the latest Senior Care webcast: “Mission: Possible-- Creating and Preserving Affordable Senior Housing.”

Listen as our panel of experts explores the major opportunities that exist for innovative partnerships and creative financing. You’ll learn about the entire spectrum of funding options for affordable senior housing, from federal grants to the use of Low Income Housing Tax Credits. You will understand the risks and rewards. From policy to packaging financing deals to overcoming operational obstacles, our panelists know the ins-and-outs of these endeavors and will provide case studies of affordable senior housing success stories.

Here’s just some of what you’ll learn during this in-depth, 90-minute webcast:

Who the buyers are and what they are looking for
Where prices are headed for SNFs and ALFs
How the new Sunrise Senior Living and Emeritus/Alterra impact the market
Learn how to mix mission and margin to ease the nation’s affordable senior housing shortfall
Discover the best practices for not-for-profits entering the affordable senior housing market for the first time or those renovating existing properties.
Find out about the opportunities that await for-profit developers, consultants, bankers and operators in this sector.
Get tips on utilizing the Low Income Housing Tax Credit program for maximum return and flexibility.
Revitalize aging properties and your balance sheet with smart refinancing.


Panel of Experts:

Deborah Burkart, VP and National Director for National Equity Fund
Deborah Burkart, Vice President and National Director for Supportive Housing and Assisted Living for the National Equity Fund, Inc., has extensive experience in special needs housing initiatives. Ms. Burkart works nationally on affordable senior housing projects utilizing Low Income Housing Tax Credits for NEF, one of the nation’s largest non-profit equity funds. Ms. Burkart has been a frequent speaker at conferences sponsored by AAHSA, Read More
VP and National Director for National Equity Fund, Inc.
Nancy Libson, Director of Housing Policy at the American Association of Homes and Services for the Aging, has more than 30 years experience in affordable housing policy development, program implementation, technical assistance and training, and advocacy. Ms. Libson's work at AAHSA focuses on developing policy and positions related to affordable service enriched senior housing in conjunction with association members; providing technical Read More
Director of Housing Policy at the American Association of Homes and Services for the Aging
Michelle H. Norris, Senior Vice President of Acquisitions & Development of National Church Residences, currently oversees a team that specializes in development of all NCR’s new housing projects. This includes HUD Section 202 construction; Low Income Housing Tax Credit new construction; acquisitions & substantial rehabs. Ms. Norris joined NCR in 1993 as Director of Corporate Financial Services. She later became Chief Operating Read More
Senior Vice President of Acquisitions & Development of National Church Residences
Stephen Monroe
Stephen M. Monroe is a respected and often quoted industry leader. He is the managing editor and partner at Irving Levin Associates, Inc., a research and publishing firm founded in 1948. The firm specializes in the seniors housing and health care investment markets and delivers timely market intelligence to subscribers through financial newsletters, acquisition reports and databases. Mr. Monroe is the editor of The SeniorCare Investor, the Read More
Editor, The SeniorCare Investor