Several efforts, both public and private, are helping assisted living become more affordable by lowering the cost of constructing assisted living facilities. The Department of Housing and Urban Development (HUD) has two programs that subsidize developers of affordable assisted living, allowing them to provide assisted living at a lower cost to consumers. Under the first program, the Assisted Living Conversion Program, HUD allocated $50 million per year from fiscal years 2000 to 2002 to provide grants to help owners of nonprofit low-income senior housing apartments to convert dwelling units into assisted living apartments (HUD 2001). (more…)
Developers have built and marketed assisted living primarily for middle- to upper-income older persons—those able to pay $2,000 a m ...
While assisted living is similar to home care, congregate housing, board and care homes, and nursing homes, it differs from those p ...
In better facilities, the design of the building reflects the philosophy of promoting independence. Residents usually live either i ...
There are really no wrong reasons to choose an assisted living home arrangement in a senior community. With assisted living a p ...
The Costs of Senior Care Options When planning for our retirement, most of us allocate money into a 401K or another savings prog ...