The question of whether the senior living industry is prepared to meet the demand for middle-market senior housing has emerged as one of the top issues facing the industry in 2019. With the aging of the baby boom, the contingent of middle-income seniors is set to hit 14.4 million people by 2029, and 56% of […]
Category: Affordable Housing
As the affordable housing crisis continues to impact senior living, developers aim to fill in the gaps in service for middle-class seniors making the transition to the space — and Prime Senior Living Group President of Development Debra Maynard hopes to be among those helping to bridge the gap. Prime is developing a construction pipeline […]
The Southeast is emerging as a hotbed for middle-market senior housing development. Knoxville, Tennessee-based senior living owner-operator Solinity formed a partnership with Paran Homes to develop, own and operate senior housing aimed squarely for the middle market, Solinity CEO Josh Crisp told Senior Housing News. Duluth, Georgia-based Paran Homes is a residential specialist with 19 […]
If the senior housing industry wants to better address the ongoing affordability conundrum, it might consider borrowing some ideas from SHAG. That’s the acronym for Sustainable Housing for Ageless Generations, a senior housing nonprofit based in Tukwila, Washington, which helps older adults access support and services in settings they can afford. For SHAG Executive Director […]
Demand for affordable housing to accommodate the changing needs of low-income seniors is growing, but non-Medicare and Medicaid payment models to finance the services are sorely lacking. That is the main takeaway from a new report from LeadingAge LTSS Center @UMass Boston that also offers possible solutions to what is a growing crisis, Alisha Sanders, […]
If senior housing and care providers want to tackle the looming affordability crisis, they’re going to have to start working together more. That’s according to Jay Woolford, executive director of the Senior Housing Assistance Group (SHAG). The affordable senior housing nonprofit based in Tukwila, Washington, has made it its mission to help older adults age […]
The coming wave of aging baby boomers will present several challenges to a senior living industry already struggling to meet the demand of seniors who cannot afford market rate independent living, assisted living or memory care. In particular, the population of older adults is quickly growing in low-density areas where it’s especially difficult to build affordable senior living projects. […]
Affordable senior housing may not carry a reputation as the flashiest property type, but it plays a vital role in serving low-income seniors. And while developing or designing the property type can require a different mentality than traditional senior housing—as evidenced when The Shelter Group bowed out of the affordable-housing sector to focus on its Brightview […]
New York City has plans to build thousands of senior housing units on public land in an effort aimed at aiding the city’s low-income older adults. As outlined in a recently agreed-to budget, the city will allocate $500 million for the construction of new affordable apartments on unused space at New York City Housing Authority developments, […]
HumanGood has gained industry attention for its plans to reinvent the continuing care retirement community (CCRC), but the large nonprofit provider has even grander ambitions when it comes to senior living innovation. This year, it plans to hire an executive to focus on its wide-ranging innovation efforts, which include creating a prototype offering for the […]