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Real Estate/Development

Sep. 16, 2003

Lack of Supply Drives Affordable Senior-Housing Demand Higher

BY MARGOT CARMICHAEL LESTER Special to the CREJ Affordable housing for seniors is a numbers game. Census figures demonstrate a steady growth in the number of Americans 55 and older. Economic data show the majority of this population pays more than 30 percent of its income on rents or mortgages. Housing statistics reveal demand for affordable domiciles that seriously outstrips supply, a supply that is impaired by community resistance to affordable senior-housing projects.

BY MARGOT CARMICHAEL LESTER
Special to the CREJ

Affordable housing for seniors is a numbers game.

Census figures demonstrate a steady growth in the number of Americans 55 and older. Economic data show the majority of this population pays more than 30 percent of its income on rents or mortgages. Housing statistics reveal demand for affordable domiciles that seriously outstrips supply, a supply that is impaired by community resistance to affordable senio...

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