In addition to improving access to health services, the law will also allow owners to more easily refinance properties in need of renovation and convert studio apartments into more accommodating one-bedroom apartments. The new law will also provide rental assistance for seniors need help if refinancing results in payment increases.
“We’ve been involved in the housing field for almost 40 years,” B’nai B’rith International Director of the Center for Senior Services Mark Olshan said. “This bill will allow us the flexibility to maintain our existing properties and to rehabilitate and upgrade the facilities that have served our communities so well over the years.”
The B’nai B’rith Senior Housing Network consists of 38 apartment buildings in 26 communities and is home to more than 7,500 seniors of limited income without regard to race, religion, or country of national origin.