News

The Territory Ahead: Accountable-Care Organizations Under Health-Care Reform
4/5/2012

The Territory Ahead: Accountable-Care Organizations Under Health-Care Reform

The Patient Protection and Affordable Care Act, more commonly referred to as the Affordable Care Act (ACA), has driven the recent health-care reform in this country as well as the controversy among business and government officials as to whether it will ultimately generate a positive outcome for the health-care industry. Regardless of the anticipated outcomes, all agree that its effects will be widespread.

Reimbursement Cuts: Preparing for the Uncertain
4/4/2012

Reimbursement Cuts: Preparing for the Uncertain

“But in the world nothing can be said to be certain except death and taxes.”

Benjamin Franklin may need to amend his famous quotation to include the certainty of reimbursement uncertainty for health-care providers. Considering the size and scope of Medicaid and Medicare, the threat of reimbursement-rate cuts for these programs can be particularly problematic for hospitals as they seek financial stability and plan for future capital projects.


Financing a Multi-Property Portfolio Through HUD
4/3/2012

Financing a Multi-Property Portfolio Through HUD

In the current credit environment, financing through the U.S. Department of Housing and Urban Development (HUD) has become a favorite of borrowers. With its low, long-term fixed rates, flexibility, nonrecourse feature and other benefits, HUD is often the best available option for a borrower seeking to refinance or finance new construction or rehabilitation of a senior living facility.

Smart Growth: The Economic Impact of LIHTC Development
4/2/2012

Smart Growth: The Economic Impact of LIHTC Development

Low-income-housing tax credits (LIHTC) are arguably the most important resource for creating affordable housing in the United States today. Created by Section 42 of the Tax Reform Act of 1986, the LIHTC program gives state and local LIHTC-allocating agencies nearly $8 billion in annual budget authority to issue tax credits for the acquisition, rehabilitation or new construction of affordable rental housing targeted to low-income households.

Guard Against Inflation: Preserving the Purchasing Power of Your Assets
4/1/2012

Guard Against Inflation: Preserving the Purchasing Power of Your Assets

Many nonprofit organizations have failed to construct portfolios with sufficient inflation protection because inflation has been relatively tame over the past 20 or so years. As a result, their assets are exposed to a reduction in purchasing power over time. In order to address this risk, nonprofit organizations should consider a long-term, strategic allocation to asset classes that benefit from inflation, such as commodities, Treasury Inflation-Protected Securities (TIPS) and real estate investment trusts (REITs).