Renting Comes of Age for Seniors.
The Chicago Tribune (6/24, Adler) reports, "Renting may be associated with a mobile lifestyle, but it isn't just for the young." Similar to "a lot of young people who don't want the responsibility of property ownership, many seniors opt to rent for flexibility at a time when life can quickly take uncertain turns." The Tribune says that "older renters have a lot of options in the Chicago area, with many age-restricted apartment buildings available in the city and suburbs," offering rents "ranging from just under $1,000 to more than $6,000 a month."
PD&R Leadership Message Archive
International & Philanthropic Spotlight Archive
Spotlight on PD&R Data Archive
Publications
Collecting, Analyzing, and Publicizing Data on Housing Turnover
Resilience Planning: What Communities Can Do to Keep Hazards from Turning into Disasters
Cityscape: Volume 26, Number 3
Case Studies
Case Study: Former School in Charleston, South Carolina, Transformed into Affordable Housing for Seniors
Case Study: Avalon Villas Combines Affordable Housing and Services for Families in a Gentrifying Phoenix Neighborhood
The contents of this article are the views of the author(s) and do not necessarily reflect the views or policies of the U.S. Department of Housing and Urban Development or the U.S. Government.
Note: Guidance documents, except when based on statutory or regulatory authority or law, do not have the force and effect of law and are not meant to bind the public in any way. Guidance documents are intended only to provide clarity to the public regarding existing requirements under the law or agency policies.