Addressing the Funding Needs of Proper Housing for Older Populations: The Importance of Federal Support

    Recently, HomesRenewed™ Coalition released a white paper underscoring the importance of federal support for updating homes to enable aging in place.

    Addressing a Growing Problem
    Regardless of age or type of disability, the desire to remain in one’s home is nearly universal. However, environmental barriers often threaten or eliminate the capacity of an individual to return to and/or remain in the community while also maintaining a good quality of life. If the home cannot accommodate the functional needs of an individual, their quality of life declines, overall health is compromised, and outcomes become unfavorable.

    Incentives implemented through tax policy can be used to motivate investment. Thus, adopting public policies and industry incentives to optimize the use of both personal and taxpayer resources to encourage home preparedness / readiness is essential in addressing the needs of our growing aging population and a housing stock that was not designed to support these needs.

    Legislative Slam Dunk
    Cost-sharing between homeowners and the government for a program that intrinsically pays for itself should be a legislative slam dunk. It is an appropriate use of federal dollars since updating the existing housing stock, which was built for a different era, is an infrastructure project that helps everyone. It supports seniors who are aging in place, makes the best use of family and informal caregiving resources, supports middle-aged families hosting their parents, enables the delivery of post-acute care in individual homes rather than in institutions, and enables greater freedom and visitability for those with disabilities at any age.

    As more changes are made to provide resources and support to the aging population, our experts at LifewiseCHM will be ready to provide solutions. Contact us for more information.

    Access the white paper >>

     

    Katy Dodd
    Principal & VP of Business Development