Since 1990, Woda Management has developed more than 9,000 housing units in 13 states. In addition, Woda Management provides property management and maintenance services for more than 200 properties. Among other projects, the company has developed affordable housing options for seniors.
According to the American Association of Retired Persons, by 2030, more than 20 percent of Americans will be above the age of 65. However, the nation may not have adequate housing to meet the needs of this senior population. As adults age, they often need structurally and mechanically safe homes that feature adaptations to accommodate any disabilities they may have. In addition, seniors need homes in safe locations with easy access to stores, medical offices, and community activities.
Today, more than 19 million lower-income individuals over the age of 50 are living in inadequate housing or struggle to meet housing costs. Often, housing can account for more than 30 percent of low-income seniors’ monthly budgets. Developing strategies to meet anticipated future housing needs is critical to the health and well-being of tomorrow’s seniors.