> Fiscal Strategies
Housing is one of the most commonly cited needs when communities take inventory of resources for older persons. But housing alone is not usually what is needed; rather, what’s often lacking in communities is an adequate range of housing options, packaged with services that prevent people from being placed unnecessarily in nursing homes as their needs change and fully independent living becomes impossible.
Moreover, while it may be tempting to focus all energy on new housing, it’s important to keep in mind that the majority of older adults (80%) are homeowners who want to age in place. For that reason, programs targeted at homeowners can often reach the largest number of people.
This section discusses financing resources available to address a range of housing options including adding services or making changes to a person’s existing home, or building new facilities designed for older persons who have changing needs.
Most of the funding sources discussed here are specific to housing. For more information about financing applicable services, see Funding Sources for Services Related to Housing.