Care Across the Continuum

Question 1

Describe Social Housing

Answer 1

-also referred to as subsidized housing or public housing
-include municipally owned and operated housing, nonprofit housing, cooperative housing and privately owned housing
-subsidies ensure tenant does not spend more than 30% of income on rent

Question 2

Describe Life Lease

Answer 2

-form of housing in which residents neither own nor rent their home
-lease requires a single up-front payment as well as monthly fees for management and upkeep of property
-arrangement means that older people can move into smaller and usually more affordable housing