Addressing the senior housing crisis

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Addressing the senior housing crisis
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• The senior housing crisis
• The Harvard Joint Center for Housing Studies
  highlighted a pressing issue in the United States
  in an alarming report about the unpreparedness to
  provide adequate housing and care for the rapidly
  growing population of older Americans. Amidst
  this crisis, AHEPA Senior Living (ASL) is
  actively working to mitigate these challenges
  through our development projects. AHEPA Senior
  Livings role in expanding housing solutions
  demonstrates a proactive approach to a looming
  crisis that threatens millions of older
  Americans well-being and financial stability.
• The growing need for senior housing and services
• The United States is witnessing an unprecedented
  surge in its older adult population, underscored
  by the fact that all of the baby boomer
  generation will be 65 or older by 2030.

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• The demographic shift substantially challenges
  affordable and accessible senior housing and
  aging services. The Harvard article emphasizes
  the dual challenge of securing housing and the
  necessary supportive services that older adults
  require to live independently and with dignity.
• Securing affordable housing and necessary
  services for older adults has become increasingly
  challenging. High costs, limited availability and
  accessibility issues are just the tip of the
  iceberg. Professionals underscore the critical
  need for a comprehensive strategy to address
  these issues, pointing out the severe cost
  burdens many older adults face, compromising
  their ability to afford other essentials like
  healthcare and nutrition.

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• Current challenges in senior housing
• Senior housing is fraught with challenges. High
  costs and limited accessibility are sizeable
  barriers couple with the added frustration of
  insufficient or stalled government investment.
  The Harvard article sheds light on these
  challenges, highlighting the need for innovative
  solutions to provide adequate housing for
  seniors. Additionally, disparities in housing
  equity and the impact of climate change further
  complicate the situation, underscoring the
  urgency of addressing these multifaceted issues.
• Renters Cost Burdened at Record Levels. According
  to a January 25 report from the Joint Center for
  Housing Studies (JCHS) at Harvard University,
  Americas Rental Housing 2024, a record number
  22.4 million renter households spent more than
  30 of their incomes for housing and 12.1 million
  renter households spent more than 50 for rent in
  2022.

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• One potential solution to these challenges is the
  HUD 202 program, which focuses on providing
  affordable multifamily housing for older adults.
  However, in the marketplace, the affordability
  issue of rising rents indicates a growing gap
  between housing costs and the financial
  capabilities of older adults. This gap further
  stresses the importance of comprehensive
  solutions that address both affordability and
  accessibility.
• Learn how rent is determined via HUD Section 202
  housing
• AHEPA Senior Livings response
• With these broad challenges looming, ASL
  continues to initiate development projects to
  provide affordable, accessible housing and
  supportive services for seniors. These projects
  seek to address the immediate needs of older
  adults and incorporate innovative approaches to
  ensure their long-term sustainability and
  resilience.

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• In 2023 alone, AHEPA Senior Living closed a 23.5
  million deal to build their fifth community in
  Iowa as well as a 25.18 million deal to
  rehabilitate and preserve three properties in
  Mobile, Alabama. The nearly 50 million
  investment in several communities is in addition
  to hiring Rory Neubrander to lead the AHEPA
  development team as vice president.
• Also, with policy changes in effect in Ohio, ASL
  aims to bring its Hellenic Senior Living
  affordable assisted living lifestyle brand to the
  Buckeye state. This unique model of providing
  seniors with affordable access to assisted living
  services combined with affordable housing is
  AHEPA Senior Livings response to the high cost
  of long-term care that older adults face. As
  reported by the Joint Center, just 13 percent of
  older adults can afford to move to assisted
  living.

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• These recent actions implemented by ASL are a
  testament to the organizations forward-thinking
  strategy. By providing quality affordable and
  accessible housing solutions, ASL sets the
  standard for affordable senior living
  communities, continuing to pave the way for a
  future where senior living is about providing
  peace of mind to loved ones, allowing them to
  thrive.
• The future of senior living
• The need for creative and sustainable solutions
  in senior living has never been more critical.
  With strategies focused on the future, ASL is
  even exploring opportunities for integrating
  renewable energy sources into their communities
  and projects, showcasing a commitment to
  sustainability and cost efficiency.

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• AHEPA Senior Livings commitment to shaping the
  future of senior living is further underscored by
  its recent strategic hires in the development
  team, who bring fresh perspectives and expertise
  in sustainable development. By hiring these
  forward thinkers, development efforts continue to
  look toward communities that promote longevity,
  happiness and peace of mind. ASLs initiatives
  offer a glimpse into a future where senior living
  is synonymous with vibrant, supportive
  communities catering to older adults
  comprehensive needs.

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• Conclusion
• AHEPA Senior Livings proactive approach to
  senior housing challenges demonstrates a dynamic
  model of innovation, sustainability and
  inclusivity. By addressing the pressing needs of
  todays senior population and laying the
  groundwork for future advancements, ASL
  exemplifies leadership in transforming the
  affordable senior living sector. The
  organizations commitment to enhancing the lives
  of older adults through affordable, accessible,
  and high-quality housing solutions sets a
  benchmark for excellence in the field.
• To learn more about AHEPA Senior Livings
  innovative projects and how you can support
  efforts in improving senior living solutions,
  visit our website and join us in creating a
  better future for our seniors.

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