Locked Out: Less Than 5% of U.S. Housing Is Accessible to Older, Disabled Residents

Tens of millions of U.S. residents have a problem. There aren’t enough homes for the elderly and disabled population. One in four of us — more than 60 million people — have a disability. And our older adult population is rapidly growing.

As a general matter, the United States needs something between 3 million and 6 million homes, according to Republican Senator Mike Braun of Indiana, who sits on the Senate’s aging committee. Bob Casey, the U.S. Senator and former governor of Pennsylvania, notes how disabled home seekers are doubly disadvantaged in this market. They need homes they can afford and homes they can navigate safely, despite their disabilities.

Casey, who chairs the Senate Special Committee on Aging, recently proposed a federal bill. It would require the Low-Income Housing Tax Credit Program to fund homes with accessibility features.

Will Casey’s proposal get support? Will other laws be proposed? We’ll have to see. We’re certainly expecting a heightened interest in this issue nationwide.

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Buying Versus Renting for Active Adults

Navigating the Longevity Economy

The baby boomers are now driving a booming business. Retirement real estate is a big part of what marketers are calling the longevity economy.

Sure, many seniors just want to live where they already are. But not everyone wants to (or can safely) age in place at their long-time homes. That’s especially true when the homes have multiple stories, or when they happen to lack easy access to shopping, entertainment, or opportunities to socialize.

Many seniors are curious about modern senior living concepts, planned to suit a generation’s current interests and needs. Some have tried out retirement for a while, and have come to crave a place with people to meet, things to learn, and activities to enjoy. Developments focused on senior living can offer them healthful surroundings, on-site amenities, and a community of peers.

When seeking out such a community, a threshold question is whether to rent or buy — or to find some kind of hybrid of the two. Here, we take a brief look at the options in retirement living.

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