Discovering alternatives for financing senior housing.

Obtaining the necessary capital to develop a senior housing facility can be one of the project's biggest problems, especially with the passage of the Tax Reform Act. However, new financing alternatives for senior housing are being developed, including mortgage financing, equity, tax-exempt bonds, and taxable bonds. It is important for project sponsors to understand the financing alternatives available as well as the effect of tax reform. This is the second in a three-part series on long-term care. The last article will cover the legal considerations of senior housing.