Thursday, March 29, 2018
Since the concept of CCRCs or Life Plan Communities surged in the 1980’s and beyond, many communities have found themselves in good standing, both in their facility maintenance and financial security. In addition, these lucky communities’ healthy marketing campaigns have yielded them full occupancy with significant wait list. It would be tempting to “rest on your laurels” and enjoy success, but another option is to use the good fortune to extend the reach to a less-served senior group. ...Read the rest...
Thursday, March 22, 2018
As the field of senior living prepares for the boomers, the concern mounts on how to best serve large numbers of senior adults who will never be able to afford the entry and monthly fees of Life Plan Communities. There is no pat answer for how to best accomplish this mission; communities are finding different methods to expand their mission to include a broader spectrum in the socio-economic group of seniors. As mentioned in the March 16 blog, some have chosen to internally finance a type of HUD housing structure for limited admissions. Presbyterian Homes of North Carolina, Inc. utilized a different strategy that extends its services to those with less means. ...Read the rest...
Friday, March 16, 2018
The issue of affordability is not a new issue; some senior living leaders have struggled with their mission to serve all older adults for some time. While some were able to meet the requirements of HUD housing, others struggled to qualify for HUD housing due to their location or other required issues. Some communities have found their way around that frustration; they have created a passage around their inability to qualify for HUD. ...Read the rest...
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