Starting An Affordable Senior Housing Businesses
What is affordable senior housing? Affordable senior housing is a business that assists low income patients and is subsidized by the Federal government. These types of facilities typically care for seniors and adults with disabilities who enjoy living independently, but need some type of financial assistance.
In the coming years the baby boomer generation will account for over 20% of the U.S. population with over 21 million people within the demographic range of of some type of senior medical care. The average age of Americans at the age 85 is expected to have quadruple by the year 2050((http://www.forbes.com/2007/02/28/assisted-living-retirement-ent-manage-cx_bn_0228assist_land.html)).
All Care Consulting Services offers assistance in all steps of starting and running a affordable senior housing business. No matter if you’re in a beginner to business or a seasoned veteran, running a senior housing business can be a profitable and rewarding endeavor. We can help you to navigate through all the state applications, certifications, and requirements.
Getting Started
The following points are general starting points to review when starting an affordable senior housing business.
- Finding the right real estate for the business
- Market research to better understand your target demographics
- Research options for multi-family section 8 housing
- A segment 8 voucher is not needed on the grounds that support is allocated to the unit
- Familiarize yourself with federal and state certifications and requirements