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CAPTION: March 27, 2008- Bronx Borough President Adolfo Carrion Jr. speaking at the Senior Housing Development Workshop
CARRION DISCUSSES THE IMPORTANCE OF AFFORDABLE HOUSING FOR SENIORS
The Bronx Borough President’s Office hosts Senior Housing Development Workshops to bring greater attention to the issue
NY- Bronx Borough President Adolfo Carrión, Jr. brought together a group of experts and residents to discuss the importance of affordable housing for seniors.
During the workshops “Rehab & Refinancing Senior Housing” and “New Construction Senior Housing”, the panelists identified problems that providers face including needs such as raising capital from public programs, private financing options, and government assistance. New Construction issues discussed included the need for available land, various application and funding processes, development partnerships and funding gaps, particularly Section 202 housing since HUD will not provide 100% financing.
“With the elderly population in the country expected to double within the next thirty years, maintaining the current senior housing stock is as critical as developing new senior housing”, Carrión said. “Through the Fiscal Year 2008, my office has worked with different levels of the government to provide over $13 million to 1473 units in 21 senior housing projects, including $6.7 million to 342 units in fourteen Section 202 projects.”
Among the panelist were: Matthew Bryan, Senior Project Manager, New York City Housing Development Corporation; Susan Grossman, Development Officer, Enterprise NY; Mary Galbally, Housing & Services, Inc.; Dwayne Jones, Director of Lending, Parodneck Foundation; Daniel Schachter, Director, Prudential Huntoon-Paige; Margaret Wingate, Senior Project Manager, United States Department of Housing and Urban Development; Carlton Collier, Executive Director, Parodneck Foundation; Kenneth Gelb, Administrator, Rebekah Rehab at Odd Fellow Life Community; Jessica Katz, Director of Housing Development, Special Needs Housing Division, New York City Department of Housing Preservation and Development; Denise Scott, Managing Director, LISC New York; Reverend Granville Senior, United Church of Jesus Christ; and Margaret Sheehan, Senior Project Manager, United States Department of Housing and Urban Development
The number of seniors in the Bronx is expected to increase by thirty percent by 2030. Construction costs continue to rise while the number of affordable housing units available for rent has seen a marked decline, further aggravating the housing shortage.
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