Intermidiate Care for Veterans

RENTAL HOUSING FOR SENIOR CITIZENS AND NURSING HOMES-HOUSING AND HOME FINANCE AGENCY PROGRAMS Current Status: March 31, 1963 (PHA: Dec. 31, 1962)

FOREWORD

The spurt in the past several years, and particularly 1961 and 1962, in the production of rental housing specially designed for senior citizens has made it necessary to have an inventory system by which the constituent agencies can be cognizant of the activity in the various financing programs of senior citizens' housing.

This publication attempts to fill this heed in part. It is a complete inventory of those rental projects specially designed for older persons with Federal financial assistance as of March 31, 1963, for FHA-231, FHA-207, CFA-202 as of December 31, 1962, for PHA. It sets forth the location of each project by State and by city and includes data on the following items: Program under which each project is being financed: completion status; the number of units involved; the type of units; the rental charges and the mortgage or loan amount.

The publication also includes a complete listing of the proprietary
nursing homes to be financed with FHA mortgage insurance under
section 232. Data similar to those for rental housing are covered
in the tabulations, although the terminology for specific categories
will vary as explained in the explanatory notes.

The publication was prepared by the Office of Housing for Senior
Citizens in the Office of the Administrator of the Housing and Home
Finance Agency in collaboration with the staff of the Federal Hous-
ing Administration, Public Housing Administration, and the Com-
munity Facilities Administration,

The objective of the Housing and Home Finance Agency in this
important field is to insure, to the extent possible, the opportunity
for suitable, dignified living arrangements for America's senior
citizens in their retirement years.

EXPLANATORY

Each project is identified by the program and, where appropriate, section number of the statute under which the application has been submitted; i.e., a project under the Federal Housing Administration's section 231 program would be identified in the column "Financing program" as FHA-231; a direct loan project as CFA202; a low-rent public housing project as PHA.

The name of the project is indicated, with the exception of many of the PHA projects, which often are not named until the housing project is completed; however, in all cases the project number is

NOTES

OFFICE OF HOUSING FOR SENIOR CITIZENS.

but no specific maximum, for example, $25-NA. In the FHA-232 nursing home program, if there is one figure given (rather than a range; i.e., $100-$200), this indicates the average monthly charge per person regardless of the type of accommodation.

In projects where central dining room facilities are available and rental charges including meals are known, the range is indicated on a per person basis. The letter "M" precedes the rental range figure to show the inclusion of meals charges. In the FHA-231 program, founders' fees are employed in some of the nonprofit

listed for PHA. In the FHA-231 program, a "P" following the
project name indicates profit-motivated status; "EC" indicates
that the project is a conversion from an existing structure.

In the Total number of units" column, a "C" preceding the total
units indicates that the project is completed. An asterisk (*) pre-
ceding the number of PHA units indicates that senior citizens' units
are part of a larger project for general occupancy. When there is
no asterisk, the units are in a project entirely designed for senior
citizens.

The "Type of unit" column gives the composition of units for
each project; i.e., the number of efficiency, one- or two-bedroom
units. In the case of the PHA projects, the efficiency units are
actually 0-bedroom units, which have full kitchens and sleeping
alcoves.

The "Rental range" for projects is not available in many cases as
it is usually not specifically ascertained until the project is almost
completed. In the FHA-231 and FHA-207, and CFA-202, the
lowest and highest rents are usually indicated; in some cases where
rental range is not available, an average rental figure is entered.
In PHA, the rental range is a potential, but not necessarily an actual.
Rents above a set minimum are based on income and rent-paying
ability of the individual tenant. Some local authorities set a maxi-
mum; in these projects the maximum possible rent (based on income)
for the elderly is entered along with the minimum. Other authori-
ties do not set maximums; in these instances, the minimum is shown,

C-Project completed (before total units).
P-Profit-motivated project (after project name).

sponsored projects. Such status is indicated by an "F" following the rental range.

"Mortgage or loan amount" applies to the FHA and CFA-202
programs. In FHA programs, it indicates the insurable amount.
In the case of CFA-202, it is the amount requested for a direct loan.
"Replacement cost" is applicable to the FHA programs and refers
to the total estimated cost of a project, including structure, land,
carrying charges, and financing charges up to 12 percent of the
mortgage amount.

"Total development cost" pertains to the PHA projects. "ND"
is used when the units designed for elderly are included within a
larger project for all age groups. Since total development cost is
computed on the basis of all units, it is generally not possible to
determine the cost percentage specifically related to the units
specially designed for elderly in the larger project. For projects in
preconstruction, the entry is an estimate at the time PHA enters
into a contract for annual contributions with the local authority.
For those under construction, it is an amount estimated at the
time of the award of the main construction contract. For com-
pleted projects, the amount estimated at time of award of the con-
struction contract is used until final (actual) costs are available.
The amount includes site acquisition and improvement, construc-
tion cost, local authority administrative costs, costs for planning
and surveys, interest, and both dwelling and nondwelling equipment
expenditures.