Demand for affordable living to increase as Granite State population gets older
Updated: Jan 26
A recent studyabout the health of aging adults found that New Hampshire has the second oldest median age in the United States, with more that 20% of residents over 60 years old – and the Granite State is to continue aging, as the over-65 population is expected to outnumber the below-18 population by 2035.
These demographic changes and an increasingly tighter real estate market are contributing to a shortage of affordable housing in New Hampshire, according to an article explaining why houses keep getting more expensive. And this is true not only for young adults, who are struggling to afford living in New Hampshire, but also to seniors who are looking to move into smaller houses that are easier to manage, but can’t find any to fit their budgets.
The aging population means that demand for affordable houses matching senior needs will continue to increase in the Granite State. And the same trends are observed in the Lakes Region, with Laconia registering an above-average number of residents over 60 years old.
This is why the Laconia Housing Authority keeps investing in the expansion of their affordable living offer, following the senior housing success it has had in helping residents with disabilities and chronic illnesses find independence while continuing to receive the services they need.
The Sunrise House is Laconia Housing’s new 16-unit affordable living project, set in downtown Laconia. The property, currently under construction, is designed for seniors 62 and over with disabilities, and targets tenants eligible for the Choices For Independence program (CFI).
The Sunrise House is set to open this Fall and adds to Laconia Housing’s existing affordable living portfolio – the Sunrise Towers and the Tavern Inn Apartments.
Sunrise House will feature: 16 fully accessible units: 14 one bedroom apartments, 400+/- sf.; 2 two BR apartments, 800 +/- sf.
A mixed income project where four rental units will be available to moderate income households.
An elevator will provide tenant and guest access to all units and common rooms.
Each bathroom will provide full mobility for wheelchairs.
The in-home services provided will allow the seniors to remain independent but with easy access to family members.
All units have roll-in showers; 50% of which are large enough for a wheelchair and a personal assistant. Kitchens include sink, refrigerator, cooktop, and microwave oven. Common room on each floor for socialization opportunities. Dining room on ground floor. Laundry facilities on ground floor. Fully air-conditioned/climate controlled building!
Now booking, call 603-737-2232.