December 2016-January 2017
In this edition of The Capital Issue, our feature explores how hospitals can build successful partnerships with post-acute care providers, particularly skilled nursing facilities. Continuing with the hospital sector, we detail the significant challenges rural communities face in regard to health care and discuss possible solutions. Separately, our senior living article summarizes the “Final Rule,” a thorough new set of guidelines for long-term care facilities. Our housing article also examines new regulations, in this case updated rules for Low-Income Housing Preservation and Resident Homeownership Act (LIHPRHA) properties that should benefit developers. Finally, our After the Financing article profiles Rivers Edge Apartments, an affordable multifamily property in South Carolina that used Fannie Mae financing to complete a successful rehabilitation.
As we wrap up another year and head into the holiday season, all of us at Lancaster Pollard would like to wish you and your organization the very best for 2017.
Nick Gesue, CEO
The Capital Issue: August-September 2016
In a health care industry that is transitioning from a fee-for-service model to a value-based reimbursement system, hospitals are selling outcomes, not procedures. This shift has had a substantial impact on health care delivery and treatment, especially in regard to hospitals’ partnerships with post-acute care providers.
Few topics are as emotional and personal as health care. Imagine your child breaking an arm playing football in the backyard, your mother calling to relay some bad news about your father’s health after a visit to the doctor or your sibling telling you about an upcoming battle with cancer. Fear, anger, sorrow, uncertainty and other emotions flood over you instantly. It’s inevitable that everyone will face health care issues in one form or another.
For the approximately 16,000 nursing home operators across the country, increased scrutiny and constant realignment have become a way of life. And if trying to prepare for a new administration that is likely to enact significant regulatory and reimbursement changes in the near future wasn’t enough, long-term care providers also end 2016 with a new 700-page rule from the Centers for Medicare & Medicaid Services (CMS).
Preserving, improving and increasing the stock of affordable multifamily rental units across the nation is a perennial goal of both the U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) and the affordable housing industry in general. Unfortunately, sometimes a housing owner’s best option from a financial perspective is to convert their affordable units to market-rate. In response, HUD has issued new guidelines meant to incentivize owners to keep their units affordable.
Located within a couple miles of historic Camden, South Carolina, Rivers Edge Apartments is an 80-unit rural family development that consists of 14 one- and two-story townhome buildings and a community center. The quaint residential neighborhood is just minutes away from ample shopping and dining as well as the National North Carolina Cup racetrack.
After The Financing