Senior Landlords

An initiative turns seniors into landlords.
May 23, 2004, 9am PDT | Abhijeet Chavan | @legalaidtech
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"While many programs nationwide give senior citizens financial help for renovations so they can "age in place," the initiative goes a step further: It offers to find tenants and manage rental units that otherwise would sit empty in the seniors' multifamily homes. In exchange, homeowners agree to rent to low-income families. The program's founders hope it will inspire replicas in other cities facing the twin challenges of an affordable-housing crunch and an aging population

Thanks to Jim Barrows

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Published on Monday, May 17, 2004 in The Christian Science Monitor
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