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Seniors' Housing E-Review 11/28/01   Volume 12 - 11/28/2001 - Real Estate Home House Condo

Seniors' Housing E-Review 11/28/01   Volume 12

 

In This Issue...

PROJECTS AND PRODUCTS

ATTITUDES AND TRENDS

 

ORGANIZATIONS, EVENTS AND PROGRAMS

 

PROJECTS AND PRODUCTS

"BLENDED COMMUNITIES" PUT GRANDKIDS TWO BLOCKS AWAY FROM GRANDPARENTS

"Blended communities" are being developed throughout the Chicago area so active adults can be only a few blocks away from their grandchildren. The Chicago Tribune cited an example of where two generations of one family are moving together to these developments.

"A blended community has wide appeal to a variety of different families," said Cynthia Kleronomos, vice president at Property Concepts, Inc., the Oswego-based developer of the River Run project where two generations of one family live within four blocks of each other.

Of course, writer Jane Adler said, there’s nothing new about mixing generations in a neighborhood. Established communities have always had housing for different age groups. But she said builders have told her that interest is growing in creating multi-generational communities. Instead of building a development just for young families, housing appropriate for different age groups is included in the master plan. At River Run two entirely different neighborhoods share walking paths and other amenities. Kleronomos said older buyers are able to maintain their privacy, but they can still feel they are part of a larger and vibrant community.

Several of the new multi-generational communities have sections that are actually age-restricted. Residents must be at least 55 years old. No kids are allowed as permanent residents. But Adler said other developments are being built without rules about age. Pulte Homes has three multi-generational developments in the Chicago area. The developments, none of them aged-restricted, offer different types of houses that just naturally appeal to certain age groups, according to Adler.

For more information go to www.chicagotribune.com/.

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HUD ANNOUNCES MORE THAN $604 MILLION IN ASSISTANCE FOR SENIOR CITIZENS

Mel Martinez, secretary of the U.S Department of Housing and Urban Development (HUD), announced more than $604 million in housing assistance for the nation’s low-income elderly. He said this means it will be easier for almost 7,600 low-income senior citizens to find affordable, decent and safe places to live.

The assistance from HUD is going to non-profit groups in 43 states and Puerto Rico to create more than 6,000 federally subsidized apartments under HUD’s Section 202 program for senior citizens. In addition to funding construction and rehabilitation projects to create the apartments, the HUD grants will subsidize rents on the apartment for five years to that residents will pay only 30 percent of their incomes as rent.

To be eligible for the assistance a household must be classified as "very low income" which means an income less than 50 percent of the area median. Nationally, this means an income of less than $18,375 a year.

The American Housing Survey for the United States: 1999, the most recent data available, notes that 6.8 million elderly households paid more than they can afford-- defined as more than 30 percent of their income—for housing. Others live in housing that is either substandard or fails to accommodate their physical limitations or needs for assistance. For more information go to www.hud.gov/news/release.cfm?content=pr01-109.cfm.

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SENIORS MOVED FROM KENTUCKY APARTMENTS WHERE TOXIC MOLD FOUND

Administrators at an apartment complex for low-income seniors have determined that a toxic mold is growing in 10 apartments and are working to move those residents while the mold is removed, the Kentucky Messenger-Inquirer newspaper reported.

Lydia Carrico, a reporter for the paper, said crews will begin ripping out wallboard and checking air-conditioning units, a suspected source of the moisture causing the mold, as soon as the residents are moved to other apartments or with their families.

"Based on the information we have, we are responding the best way we know how," said Jimmy Wilson, housing director at the Friendship House on Kentucky 54. Wilson said he did not know how long the process would take.

Problems with mold in the apartment complex, operated by The Christian Church Homes of Kentucky, began several years ago, the newspaper said. However, the issue came to a head recently after residents’ complaints persuaded administrators to contact independent consulting firms to determine the types and source of molds and how to handle the problem.

Administrators told the newspaper that 10 to 12 types of mold were found in the apartments, and one type, a black mold, is toxic. Residents are being moved from the apartments where black mold was found, Carricco reported.

For more information go to www.messenger-inquirer.com/.

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NAHB RESEARCH CENTER PLANS TO BUILD AFFORDABLE HOMES

With the start of construction on the first of four MADE homes in the NAHB Research Home Park in Bowie, Maryland, the NAHB Research Center has begun an interesting experiment to build affordable homes with a special emphasis on efficiency and durability.

MADE is an acronym for Marketable, Affordable, Durable, Entry-Level. The homes average 1,700 square feet and have open living areas to cut square footage wasted in hallways.

Though simple to start, the houses' plans allow them to expand as a family's needs change. For example, the two ground-floor bedrooms are designed to be easy to convert to a home office. The basement mechanical system is placed so that it won't complicate the owners' plans to finish the space, and there's roughed-in plumbing for future bathrooms. In addition, one of the homes has been specifically designed for older adults who wish to age in place. For more information, visit http://www.nahbrc.org.

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FLEETWOOD HOMES INTRODUCES MANUFACTURED UNIT WITH UNIVERSAL DESIGN

Fleetwood Homes, a leading producer and retailer of manufactured housing, has launched the LifeStages II Home, which specifically includes universal design features to accommodate homeowners’ changing lifestyles. Wes Chancey, Fleetwood’s vice president of sales, said his company worked closely with AARP to include the universal design features that meet the growing needs of today’s homeowners.

Some specific universal design features include:

  • Wider doorways and hallways for easy access
  • Lever door handles that take the place of doorknobs to make opening and closing doors more manageable
  • Single-lever controls on kitchen and lavatory faucets for easier operation and adjustment of water temperatures
  • Light switches and electric outlets that are easier to reach
  • Accessible storage areas with varying height closet rods and shelves
  • Knee space under sinks and counters
  • Low maintenance materials and appliances

Leon Harper, AARP’s senior housing specialist, said "A key element to universal design is that it allows for people to remain living in their homes for long periods of time with attractive, comfortable and adaptable features that enhance the independence of all residents regardless of age, size or ability."

For more information go to http://www.fleetwoodhomes.com/.

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FANNIE MAE PARTNER IN 33 AFFORDABLE HOUSES FOR SENIORS IN WINTER PARK, FLORIDA

Central Florida housing leaders and Fannie Mae, said to be the largest non-bank financial services company in the world, celebrated recently the grand opening of 33 units of new affordable housing targeted for low-income seniors and people with disabilities. The new projects, Winter Park Oaks Phase II is scattered within the existing 96-unit Winter Park Oaks development, which is owned and managed by the City of Winter Park Housing Authority.

Partners in the development of Winter Park Oaks Phase II include Florida Community Partners, (FCP) Inc., the Winter Park Housing Authority, Orange County, Orlando Neighborhood Improvement Corporation, the city of Winter Park, Florida Power, and Fannie Mae.

Development costs for Winter Park Oaks Phase II totaled approximately $2.3 million. Fannie Mae invested $1.4 million through the Community Development Financial Institutions Initiative in a line of credit for FCP, which was used for construction financing for Phase II. To date, Fannie Mae has committed $6.1 million in investments to FCP to help support the development of affordable rental properties in the area. The Orange County Housing and Community Development Division provided $800,000 in additional funding for construction of Phase II.

FCP is a 19-member lending consortium with a loan pool of more than $50 million. Since its inception, FCP has funded or committed to loans totaling $65 million, which have been leveraged with over $379 million in public funds to create affordable homeownership or rental opportunities for 7428 families.

For more information go to http://www.volunteersofamerica.org/xq/CFM/content_item_id.1607/folder_id.108/qx/tier3_cd.cfm.

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VOLUNTEERS OF AMERICA DEDICATE SENIOR APARTMENTS IN COLORADO SPRINGS, COLORADO

Volunteers of America recently dedicated Laurel Gardens, a new senior housing facility with 50 one-bedroom apartments, in Colorado Springs, Colorado. Seven of the apartments meet federal accessibility requirements.

The project received funding from the U.S. Department of Housing and Urban Development (HUD), the City of Colorado Springs, El Paso County Housing Authority, and the state of Colorado Division of Housing.

Volunteers of America is a national, nonprofit, spiritually-based organization, and is one of the nation’s largest providers of affordable housing for families, the elderly and people with disabilities. The organization operates about 200 housing and 21 health care facilities. For more information go to http://www.voa.org/.

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THE SALVATION ARMY WILL BUILD 50 LOW-INCOME UNITS FOR SENIORS IN MISSOULA, MONTANA

The Salvation Army in Missoula, Montana will build 50 apartments for low-income seniors with $4.6 million it will soon receive from the federal government, the local newspaper reported. The project had been in the works for two years. The first bid the nonprofit charity made to the Department of Housing and Urban Development was turned down, according to Ginny Merflam, a reporter for the Missoulian newspaper.

The 50 apartments will be built on 4.5 acres of land the Salvation Army purchased near the corner of Third and Russell Streets. Called the Salvation Army Silvercrest, the building will be modeled after several dozen Silvercrests the Army has around the country. The Northwest has only two or three, Graciani said.

The project will offer independent living to 50 senior households, but it will be more than just apartments, he said. "We’re going to create a senior community to encourage them to interact with each other." The three-floor project will include a community room, a computer room and a dining hall where hot meals will be served. Groundbreaking for the apartments will be in the spring or early summer. For more information go to http://www.missoulian.com/

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JERSEY CITY TO REPLACE 60-YEAR-OLD BUILDINGS WITH SENIOR CENTER, TOWNHOUSES

Agencies in Jersey City, New Jersey will use a $34 million federal grant to replace 60-year-old buildings with a new mixed-income development. The Hope VI money is coupled with other grants and private investment in an effort to produce a better quality of affordable housing, according to the Jersey City Reporter.

Under the plan, the city will knock down the existing 490 units that comprise Lafayette Gardens, the city’s oldest public housing project, and replace it with a senior living center that will have 82 units and a row of new townhouses that total 218 units, according to reporter Prescott Tolk.

In total, the plan encompasses three separate areas within the Morris Canal Redevelopment Plan to build a total of 850 units over the next five years, setting aside 575 units for low-income tenants. The remaining units will be rented at market-rate or sold. For more information go to www.zwire.com/.

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ATTITUDES AND TRENDS

SOME OLDER BUYERS SEEK MORE SPACE, NOT LESS

Instead of "moving down" many older buyers are "moving up," selecting larger homes than the ones they previously owned, according to the Orange County Register newspaper in Southern California. The desire for more space stands in sharp contrast to the way many older buyers once approached the market, reporter Jennifer Hieger wrote.

A recent study by National Survey Systems, an Irvine, California company that analyzes homebuyer preferences indicates such a trend. Two-thirds of buyers age 55 and older want as much space or more than they currently have, the study indicated.

Hieger said the desire for bigger homes began to emerge with the Eisenhower generation, people who came of age in or around the prosperous 1950s and are now in their mid-50s to early 70s. While older retirees who lived through the Depression are reluctant to spend more than they have to, younger seniors have a sense of entitlement, said Annie Gerard, vice president at National Survey Systems.

For more information go to http://www.chicagotribune.com.

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SECOND HOME SALES BOOMING EVEN AFTER SEPTEMBER 11, TREND EXPECTED TO CONTINUE

Second home sales have been strong this year and continue to be even after September 11, the Christian Science Monitor reported. Writer Noel C. Paul noted, "underlying the expansion, observers say, is a major demographic shift that promises to fuel sales for years to come: Baby Boomers nearing retirement are buying and building vacation homes across the country at a record pace. And they are likely to keep it up for the next decade, even in the face of a recession.

Second homeownership suits the baby boomer profile, according to Paul. Many are planning retirement. They are far wealthier than their parents’ generation and more comfortable with leisure.

Traditional vacation spots such as the Florida coast and New England ski towns have the highest density of second homes, according to the newspaper. But shrinking supply and soaring prices are pushing new buyers into what Paul calls terra incognito. Brokers in places such as rural Oregon and southern Illinois report an uptick in vacation-home sales since September 11, accelerating a back-to-the-land movement, already visible in the market.

For more information go to http://www.csmonitor.com/ and search for "Behind a boom in second-home sales".

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BOULDER, COLORADO TOPS GEOGRAPHER’S NEW LIST OF TOP 50 AFFORDABLE PLACES TO RETIRE

Boulder, Colorado tops a geography professor’s new list of the Top 50 affordable places to retire, The Christian Science Monitor reported. "In many ways, the University of Colorado has made Boulder into a much more appealing place than if would be, had it just been a distant suburb of Denver," said Warren Bland, a California State University geography professor.

Bland devised the list for his new book, "Retire in Style" (Next Decade Inc.), after more than three years of travel across the United States. Newspaper writer Vic Roberts reported that the list includes primarily upscale communities across 10 regions and 23 states. Many of the places listed are college towns. Bland points out that college towns do not have the big-city disadvantages of pricey parking, overcrowding, air pollution and high crime rates.

Roberts said notably absent from Bland’s book are communities in states that run westward from Minnesota to Idaho. Bland said, "The north central part of the country has the most frequent and drastic weather changes, and there just are not a lot of places that have enough amenities to induce people to go there rather than farther south, where you can have a (warmer) climate." For more information visit www.csmonitor.com and click on archives. Enter "boulder" in the search box.

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EXPENSIVE HOTELS OFFER CONDOMINIUMS TO ATTRACT 55 TO 70 AGE GROUP

A number of expensive hotels across the country are adding condominium units for sales, the Chicago Tribune reported. The idea is to combine a permanent resident with all the services of a first-class hotel, according to writer Jane Adler. Services include having the hotel chef cater a dinner party in a person’s condominium.

"This is a service-rich lifestyle," said Matthew Ward at New York-based Millenium Partners, a developer with seven hotel-condo projects. "The beauty is that it’s like you are living in a fancy hotel, but you have your own condominium."

Hotel-condo projects have recently opened or are under way in a handful of cities, Adler indicated. Most of the projects are connected to hotels operated by Ritz-Carlton and Four Seasons. Millennium Partners has new projects in Boston, San Francisco, New York City and Washington, D.C. Plans are also being finalized to build similar developments in Miami and the Georgetown section of the nation’s capital.

Adler said variations on the hotel-condo idea are being tried in Chicago too. Residents of the condominiums at Water Tower Place can access services of the attached Ritz-Carlton Hotel. The Park Hyatt Hotel offers its services to residents of the condominiums in the building. Residents at 120 E. Delaware St., which includes a Four Seasons Hotel, can access a few services, such as room service.

For more information go to http://www.chicagotribune.com.

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SOME EMPTY NESTERS PLAN TO CHANGE FUNCTIONS OF CHILDREN’S ROOMS

One fourth of America’s empty nesters plan to renovate their homes in the wake of their grown children’s departure, according to a survey by the American Furniture Manufacturers Association.

For many, it’s a time when they finally have the means to create a home geared toward their own interests and tastes, rather than one suited to the needs of a growing family, according to Mary Beth Breckenridge of Knight Ridder/Tribune. They also have the space, thank to those bedrooms the kids left behind.

There’s a decorating gold mine in those abandoned rooms, Breckenridge said in a story in the Chicago Tribune. "With a little sweat or a good contractor, they can become retreats, offices, hobby spaces, luxury bathrooms—almost anything that can be dreamed up by an empty nester with a mind freed of soccer schedules and orthodontic appointments.

Interior designer Janet Yester Klosky added that "children come back and you have to have a place for them... I think it’s very important for those kids to know that they can come home. Even if the room needs to function as a place for the visiting child to sleep, it’s okay to get rid of the Star Wars figures and the ‘N Sync curtains and to turn the room into a multipurpose space that’s decorated for grown-ups," Klosky said. "Sofa beds, Murphy beds, futons and daybeds can take the place of traditional beds to free up space for other uses," she said.

For more information go to http://www.chicagotribune.com.

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DEL WEBB CORPORATION WORKS WITH ARIZONA STATE UNIVERSITY ON LIFELONG LEARNING ACADEMY

The Del Webb Corporation has seen the future and part of it includes a Lifelong Learning Academy. Recently more than 200 students aged 55 and older started classes at the new Arizona State University Lifelong Learning Academy inside Del Webb’s Sun City Grand near Phoenix.

The campus will bring continuing education opportunities to 21st century retirees. Residents at Sun City Grand can study topics ranging from foreign policy to philosophy at the new, higher learning institute located on a 22,000-sqaue-foot university-like campus within the active adult community.

Del Webb said it has conducted extensive research to identify what the country’s 76 million aging Baby Boomers will want in retirement. Findings reveal that many Boomers, already among the most educated generation in history, want to return to school after retirement. For more information go to www.delwebb.com/.

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FEDERAL APPEALS COURT UPHOLDS JURY DECISION ABOUT ACCESSIBLE FRONT DRIVEWAY

A federal appeals court upheld a jury decision that marked a victory for an elderly couple who have been trying to build a front driveway to make their home accessible, the Chicago Tribune reported. The couple lives in Wilmette, Illinois, a Chicago suburb.

In November 1999, a jury found that Wilmette violated provisions of the federal Fair Housing Act and the Americans With Disabilities Act by denying George and Astrid Dadian’s request to build a front driveway.

The Dadians, both 76, have been seeking to build a new driveway to make their home accessible since 1994. After the village denied their original request, the couple unsuccessfully sought an exemption by citing Astrid Dadian’s osteoporosis and asthma, which made it difficult for her to walk along a curved driveway from the back yard.

Wilmette officials said they opposed the front driveway because of aesthetics and safety reasons.

For more information go to http://www.chicagotribune.com.

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GROWING NUMBER OF SENIORS USING REVERSE MORTGAGES FOR REGULAR SOURCE OF INCOME

A growing number of seniors are using reverse mortgages to turn their homes into a regular source of income, according to USA Today.

Home-equity conversion loans, the most popular type of reverse mortgages, are expected to reach 10,000 this year. That is up more than 50 percent from 2000, although an administrative glitch involving Federal Housing Administration insurance reduced last year’s total, the newspaper said.

Greater awareness of the product and falling interest rates have contributed to record demand, said Peter Bell, president of the National Reverse Mortgage Lenders Association.

USA Today writer Sandra Block pointed out that reverse mortgages are complicated and are not for everyone. "But if you’re at least 62 years old and you need extra income, they’re worth a look. You can use a reverse mortgage for a one-time project, such as a new roof, or for ongoing income."

For more information, visit www.usatoday.com.

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GAY, LESBIAN SENIOR CITIZENS IN MASSACHUSETTS CALLING FOR SUBSIDIZED ELDERLY HOUSING

Gay and lesbian senior citizens in Massachusetts are calling for publicly subsidized elderly housing built specifically for them, saying they face homophobia and are often forced to go back into the closet when they move into traditional elderly complexes and nursing homes, the Boston Globe newspaper reported.

David Aronstein, president of Stonewall Communities, said, "There were numbers of examples in the research we did, where people experienced blatant prejudice and discrimination, sometimes by staff and sometimes by other residents." Stonewall Communities is seeking a site for a gay and lesbian elderly housing development in Boston. His proposed project would consist of mostly market-rate housing units for gay elderly residents, but he and his partners have yet to find a site.

Globe reporter Yvonne Abraham said a study by a consortium of advocates for the elderly, gays and lesbians, is a pioneering attempt to determine the needs of the area’s gay and lesbian elderly. The advocates estimate there are 15,000 gays and lesbians aged 60 and older living in Greater Boston. For more information go to www.boston.com/globe/search, click on archives, and insert gay, lesbian seniors in the search box.

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ORGANIZATIONS, EVENTS AND PROGRAMS

STUDENT DESIGN COMPETITION DEADLINE APPROACHING

The deadline for "Aging in Place: Urban/Suburban Residential Challenges" is fast approaching. Submissions are due at the NAHB Research Center by December 14, 2001.

Some 170 individuals and teams of students from all across the United States have registered to participate in this year's national student design competition, sponsored by the National Center for Seniors' Housing Research.

This is the second annual competition sponsored by the National Center for Seniors' Housing Research, a cooperative effort of the NAHB Research Center and the U.S. Administration on Aging. The first drew 63 entries from 28 schools. To view last year's winning designs or for more information about this year's competition, visit http://www.nahbrc.org/Seniors.

 

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VOLUNTEERS OF AMERICA CALLS FOR DEBATE ON LONG TERM HOUSING, HEALTH CARE POLICIES

Volunteers of America called for a national debate on the creation of long-term housing and health care policies for the nation’s growing number of elderly.

In testimony before a Congressional commission, Lee Felgar, Volunteers of America senior vice president, said the rapid growth in the nation’s aging population and the lack of resources to meet the demand for affordable housing, health care and adequate social services programs for the elderly is a growing problem in communities across America.

Felgar told the "Commission on Affordable Housing and Health Facility Needs for Seniors in the 21st Century" that federal funding for grants for new senior housing construction had been on a downtrend in recent years. In addition, despite the increase in tax credit availability there is pressure on sponsors to provide guarantees for these transactions that are proving to be onerous. "In the private money market, elderly housing sponsors always have had difficulty competing for capital. Traditional sources of private capital have tended to see elderly housing loans as more labor intensive and less profitable because they have unusual exposure to changes in governmental policy and complex requirements for sponsor success," Felgar said.

One item on a list of suggestions by Volunteers of America is urging Congress to expand Section 202 housing to support the development of 10,000 additional senior housing units annually. For more information go to www.voa.org/tier3_print.cfm?folder_id=108&content_item_id=1609&mod_type=1.

 

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BABY BOOMER BECOMES 35 MILLIONTH MEMBER OF AARP

AARP, which says it is the largest U.S. membership organization, has surpassed the 35 million-member mark. Janet Hamilton of Crystal, Minnesota turned 50 this month. According to AARP CEO Bill Novelli, she exemplifies the fastest growing segment of AARP members—Americans age 50 to 59. Currently 30 percent or 10.5 million of AARP members are under age 60.

Earlier this year, AARP launched My Generation, a new magazine for members aged 50 to 55. The magazine, now distributed to over 3 million households, is the first to exclusively address the needs and concerns of baby boomers, Novelli said. It features what he called an irreverent style and a quick-read format. For more information go to www.aarp.org.

 

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SENIORRESOURCE.COM SEEKING FEEDBACK ABOUT SENIORS SHARING HOUSES, APARTMENTS

Seniorresource.com of Del Mar, California is looking for feedback from people around the country on the concept of seniors' sharing housing. The organization is specifically trying to find answers to questions such as:

  • Would sharing a large home with other seniors be of interest? Each individual or couple would have a private bedroom and bath, but share the common area. This would enable residents to help each other to live independently. The rest of the rules would be dependent upon what the residents agree to.
  • Would sharing an apartment with another senior be of interest?
  • Do you have a large home that you would like to share with other seniors to help your own cash flow or to counter the loneliness of living alone?
  • Do you own two-bedroom apartments that you would like to rent to sharing seniors?

The organization said it has received inquiries from seniors who want to share a home with like-minded seniors. It has also been contacted by share housing organizations, which have plenty of seniors looking for sharing opportunities, but not enough homes or apartments in which to place the seniors.

For more information, visit online at http://www.seniorresource.com.

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