Affordable Housing Can Be Profitable

Let’s face it. The need for middle-market senior housing is real and growing. Initial independent living costs an average of $4,126 or more per month, putting it out of reach for many lower- and middle-class Americans. According to the U.S. Department of Housing and Urban Development (HUD), about one-third of individuals over age 50 pay more than 30% of their income for housing, which makes them “rent burdened.” Not only does this make it difficult for them to save for the future, including health care needs, but it also places many at risk for homelessness and increases burdens on families who support or care for older relatives