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Feds Release Grants To Convert Apartments Into Assisted Living Or Service-Enriched Senior Housing

|Includes: RealBiz Media Group Inc. (RBIZ)

The U.S. Department of Housing and Urban Development awarded $17 million in grants to the owners of multi-family housing developments in six states to convert some or all of their apartments into assisted living or service-enriched environments for elderly residents (see attached list for grant recipients).

The funding announced is provided through HUD's Assisted Living Conversion Program which supports the transformation of housing into units that can accommodate the special needs of seniors seeking to remain in their homes or 'age in place.'

"There is a growing demand for affordable housing that will allow lower income seniors to live independently and age in place in their own homes," said HUD Secretary Julián Castro. "These grants will help these apartment owners to offer assisted living or service-enriched environments that will allow their senior residents to remain in their homes for as long as they can."

HUD's Assisted Living Conversion Program grants provide private, nonprofit owners of eligible developments with resources to convert some or all of the dwelling units in the project into an Assisted Living Facility (ALF) or Service-Enriched Housing (NYSE:SEH) for elderly residents aging in place. Licensed and regulated by the State or local community, Assisted Living Facilities (ALFs) are designed to accommodate frail elderly and people with disabilities who can live independently but need assistance with activities of daily living (e.g., assistance with eating, bathing, grooming, dressing and home management activities) ALFs must provide support services such as personal care, transportation, meals, housekeeping, and laundry.

Service-Enriched Housing is designed to accommodate frail elderly persons or elderly persons with service needs who are aging in place. Residents are able to live independently but need assistance with activities of daily living comparable to services typically provided in a licensed assisted living facility, such as healthcare-related services.

These supportive services must be available through a licensed or certified third party service provider. Service-Enriched Housing is housing that accommodates the provision of services to elderly residents who need assistance with activities of daily living in order to live independently.

Converting apartments to become elderly-friendly communities is a great way for agents to find potential tenants for the properties for lease they're handling. But in the event that they are not welcome at these, they can always use disruptive video marketing technologies to make sure that their listings are seen by this group of people. Realbiz Media Group, Inc. (OTCQB: RBIZ) is a Florida-based digital media company that develops proprietary video marketing software that agents and their brokers can use to promote their virtual tour listings online. The company offers a Virtual Tour Program that allows real estate sellers to create virtual tours and presentations that are optimized for mobile viewing and could be syndicated through social media for only $29.95 a month.

The program is equipped with a video search engine optimization (VSEO) tool that automatically generate meta tags and descriptions for virtual tours and listings agents have uploaded to the platform so that they would be found easily by consumers online.

The program also has tools for creating QR codes, e-flyers, and seller reports as bonus features.

For agents on the go, the company has also recently launched a mobile app called EzFlix, which makes creating listings and virtual tours on mobile phones easier. The app also utilizes Realbiz Media's patented technology which allows agents to create local community content, realtime videos, and add personalized messages to these items.

To learn more about Realbiz Media and its products, contact or call 1.888.REAL.BIZ (888.732.5249).