Harvard’s Housing Study: Affordable Senior Housing may be Scarce

Although the aging-in-place movement for seniors is very strong, an estimated 16 million senior households will be relocating within the next decade, while the number of 65-and-older households is estimated to increase by 9.8 million in the same time span. “Most of these households will opt to age in place and may therefore need to modify their homes to accommodate their changing needs. But a large number will look for different housing opportunities, creating demand for new types of units in communities where they currently live as well as in the areas that traditionally attract retirees,” according to the Joint Center for Housing Studies of Harvard University. Their State of the Nation’s Housing report for 2013 says home modification, transportation networks and other supportive services will also have to be reconfigured to meet the needs of aging seniors. As MHProNews has learned from seniorhousingnews, many seniors are entering retirement with little savings, which may make it challenging to find suitable housing. The report concludes, “Expanding the range of housing options available to the country’s growing senior population will require concerted efforts from both the public and private sectors.”

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