Seniors Housing Business is the magazine that helps you navigate the evolution of the seniors housing industry.
Issue link: https://seniorshousingbusiness.epubxp.com/i/566450
50 2015 ASHA 50 57 2015 work to ensure that the GAO looks at data in a way that distinguishes between purpose-built, profession- ally managed assisted living and the very small board and care settings. ASHA has always had a strong focus on tax matters as it relates to our real estate and our residents. We continue to work independently as well as collectively with a broader real estate coalition on a range of real estate tax issues, such as cap- ital gains, depreciation, like-kind exchanges, and partnership rules. Specifc to our resident community is the looming 2016 expiration of the 7.5% medical expense deduction. ASHA commissioned a study on the economic impact of this tax increase on seniors and will share the fnd- ings with Congress. ASHA also co-supported eco- nomic studies on proposed changes to the depreciation schedule and to the like-kind exchange rules. While comprehensive tax reform will most likely not take place until after the presidential election, we remain vigilant in pressing our case to Con- gress before proposals are drafted. We are also staying on top of DOL overtime rules, workplace issues such as efforts to make unioniza- tion easier, the Fair Housing Act as applied to senior housing, and vari- ous Medicare issues pertinent to our residents. ASHA continues to mon- itor efforts to reform the housing fnance system and other proposals that increase access to capital. Any other issues? There will be a bigger focus on housing affordability for seniors. By 2030, one in fve people will be 65 or older, according to the Joint Center for Housing Studies. The increasing senior population combined with a decline in household income, pensions and retirement savings, will present housing affordability challenges for the next generation of seniors. Policymakers and seniors' advocacy groups will be searching for new ways to serve this popu- lation. Currently, the inclination among policymakers is that our nation's long-term care policy should be focused on keeping seniors at home irrespective of their circum- stances. We must remind Congress and the public that these policies should be balanced against the bene- fts of community that come from the range of seniors housing choices. I am very excited to be part of ASHA. In my short time I have come to appreciate the industry's relevance, the members' commit- ment, and the signifcant public policy issues before us. The chang- ing demographics and economics of aging create a huge opportunity for ASHA to raise the industry's profle in Congress and the agencies as we advance our policy agenda. "For more than a decade we have had a rewarding relationship with the executives of CNL Healthcare Properties. Their operations-centric approach to seniors housing and emphasis on building relationships is refreshing. CNL Healthcare Properties has played a critical role in helping us grow our operations and expand with development capital." – Al Holbrook III, Chairman Trinity Lifestyles Management Relationships Transcend Transactions CNL Healthcare Properties provides capital solutions for development and acquisitions all across the country for operators just like Trinity. When relationships matter, call us to help your organization prosper. Dogwood Forest of Acworth – Acworth, Ga. Get in touch and let's begin our relationship! Joel Sherman Scott McCorvie Senior Vice President Vice President 407-540-7556 407-540-7703 CNLHealthcareProperties.com