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.
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.
The investment in L+M Development Partners will fund affordable and mixed-income housing in New York, Texas and California.
The Philadelphia Housing Authority is bringing 121 affordable units online across 28 vacant properties in Germantown.
The city hopes the well-located parcels will yield more than 1,000 new affordable units.
The Vistria Group has already acquired more than 7,000 units, over 80% of which are affordable.
The developers plan to finish the project in 2028.
Of the 8,000 lots under the Land Bank's purview when it was established in 2013, about 1,000 have been developed.
The city has been changing its zoning to allow more housing in what were once solely commercial districts.
The new development will sit on former site of the University City Townhomes, which residents and activists galvanized to preserve.
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