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Typical residents. A typical independent senior living community resident is a person 55 and older who is mentally and physically capable of living alone without skilled nursing or assistance with day-to-day activities. Some residents may need assistance with a few activities of daily living and can obtain third-party home health care services.
Section 8 of the Housing Act of 1937 ( 42 U.S.C. § 1437f ), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [1]
Although demand for affordable housing, particularly rental housing that is affordable for low and middle income earners, has increased, the supply has not. YIMBYs argue building more housing makes housing more affordable. Potential home buyers are forced to turn to the rental market, which is also under pressure.
The apartments for seniors have been in the works a long time. MV Real Estate had acquired the 37,000-square-foot tract from the county in 2020 for $1.3 million.
As of December, the average monthly rent for Seoul apartments smaller than 355 square feet was $457 — a 15% increase since 2021, according to government data analyzed by housing advocacy group ...
Image source: Getty Images. 1. Retirees will get a raise. One big change affecting current seniors is their cost-of-living adjustment (COLA). In most years, retirees see their benefits increase to ...
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