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By 2033, more than 11 million middle-income seniors — ages 75 and up — may not be able to afford assisted living facilities, according to researchers from NORC at the University of Chicago.
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Independent senior living differs from continuing care communities, which offer independent living along with multiple other levels of care, such as assisted living and skilled nursing, in one single residence. [2] Independent senior living residents are permitted to use third-party home health care services to meet additional needs.
MBH's housing portfolio consists of multi-family residential projects, including historical renovations, mixed-use, rowhouses, high rises, affordable housing, and senior housing. MBH has built over 2,225 units and designed more than 9,000 units. [citation needed]
ASHA's membership owns and/or manages more than 600,000 units of senior apartments, independent living, assisted living, and continuing care retirement communities. The ASHA sponsors a political action committee named the Seniors Housing PAC. [2] [3] David S. Schless has been the president of the organization since its founding in 1991. [4]
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
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