Author Archives: ipgocorp

JCI Senior Housing Announces its Newest Senior Housing Development in North Austin, Texas

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AUSTIN, TX – JCI Senior Housing, an affiliate of the Journeyman Group, has announced plans to start construction for, Techridge Oaks, an helped living and memory care community. Plans for Techridge Oaks include 66 helped living apartments, and 20 private and companion memory care units.

The community will be located at 400 East Yager Lane.  Techridge Oaks amenities will include, theater, therapy gym, perfectly landscaped courtyards and many more industry leading amenities. JCI Senior Housing, LLC recently developed Legacy Oaks Helped Living and Memory Care in Southwest Austin. JCI Senior housing has teamed up with Civitas Senior Living, LLC to develop and manage the property.

Civitas Senior Living, LLC will be the management company for Techridge Oaks, under the direction of Wayne and Misti Powell. Together this management team has more than 30 years of experience operating senior living communities in Texas. At Techridge Oaks, the goal is to make the opportunity for seniors to delight in life in a comfortable and relaxing environment, customized just for them.

“Civitas is excited to become a member of the North Austin community – I feel our company provides a high quality of service that comes from a locally owned company,” said Wayne Powell, President of Civitas Senior Living.  

In addition to Techridge Oaks, Civitas Senior Living operates Ledgestone Senior Living in Dripping Springs and Legacy Oaks Helped Living and Memory Care in South Austin.

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FHA Releases New Single Family Loan Certifications; Proposes Modified Lender Certifications

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(RECAP: On March 15, the FHA announced that it has revised the form mortgagees must file when submitting a loan for FHA-insurance and proposed changes to the certification statements lenders and other mortgagees must file when applying to participate in FHA’s homeownership programs. FHA hopes these actions will increase lender participation in FHA’s single-family programs by clarifying FHA mortgagees’ underwriting responsibilities and liabilities. To implement the revised certification requirements, FHA has amended the HUD/VA Addendum to the Universal Residential Loan Application (Form 9200-A), the official form mortgagees must file when submitting a mortgage loan for FHA-insurance. These amendments clarify what liability mortgagees might face if the loan is found to contain underwriting or other errors. The new Form 9200-A will become effective on August 1.)

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More Than Half of Renters Plan to Keep Renting

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(RECAP: Despite rent increases and feeling burdened by their finances, 70 percent of renters currently feel renting is a more affordable choice than homeownership, according to a Freddie Mac survey, and 55 percent plot to keep renting in the next three years. When looking across the generations, the views are similar with 70 percent of Millennials, 61 percent of Gen Xers and 73 percent of Baby Boomers thinking that renting is a more affordable choice for them. “Renting is becoming a well loved choice among many age groups,” said David Brickman, executive vice president of Freddie Mac Multifamily. “While most renters still have favorable views toward homeownership and aspire to it, many choose to rent because they view it as more affordable and a better fit for their lifestyle right now.”)

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