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Several programs have already been nixed, staff has been laid off and developers are sounding the alarm that a national shortage is about to get worse.
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Senior housing projects in the pipeline are scant, and most that are on the way in DFW are aimed at well-to-do residents as senior incomes decline.
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The investment in L+M Development Partners will fund affordable and mixed-income housing in New York, Texas and California.
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The Philadelphia Housing Authority is bringing 121 affordable units online across 28 vacant properties in Germantown.
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The city hopes the well-located parcels will yield more than 1,000 new affordable units.
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The Vistria Group has already acquired more than 7,000 units, over 80% of which are affordable.
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The developers plan to finish the project in 2028.
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Of the 8,000 lots under the Land Bank's purview when it was established in 2013, about 1,000 have been developed.
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The city has been changing its zoning to allow more housing in what were once solely commercial districts.
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The new development will sit on former site of the University City Townhomes, which residents and activists galvanized to preserve.
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