Local government in Beijing, China, is planning to experiment with reverse mortgages as a way for people to finance nursing home care, although “unpredictable real estate policies” will make it difficult to popularize this model, say industry insiders in a Beijing Global Times article. Insurance companies, commercial banks and public housing management departments will be [...]

The United States is facing the issue of a rapidly aging population that some say it’s not prepared for in terms of housing and care. Out of this need, a grassroots organization arose to start an initiative that allows seniors to remain in their communities and age in place, a now-nationwide effort that could provide [...]

A Department of Housing and Urban Development study estimates that approximately $25.6 billion in repairs are needed for the United States’ 1.2 million public housing units, including public senior housing units. With many of those housing units encompassing senior housing, the lack of budget for repairs could slow the movement for some seniors out of [...]

The number of 65+ households is projected to increase by 35% in 2020 according to a recent Harvard University housing report. The Joint Center for Housing Studies (JCHS) says in The State of the Nation’s Housing Report that baby boomers will continue to have a huge effect on the housing market as they approach retirement age. “The [...]

Some seniors are opting to stay in their homes and wait for their home equity to return, rather than moving on to senior living facilities, says a recent report from a Massachusetts newspaper. Several assisted living and senior housing facilities have recorded low occupancy levels due to the economic downturn and a trend in seniors [...]

A development planned for the southwest Chicago town of Oak Forest has big ideas for senior housing. Priory Estates, a plan of Weso Development, aims to build 110 duplex residences on 55 duplex lots, joining the ranks of Illinois’ age restricted housing communities. The community will be approved for people who are ages 55 and [...]