Seniors Increasingly Struggle to Find Housing, But Some Find Ways to Cope

Posted On Sun, April 3, 2016 By

Posted On Sun, April 3, 2016 By In CityRealty, Features, real estate trends

Income requirements on top of lofty rents make renting in New York a formidable challenge for all, but seniors who live on limited means with little to no incoming cash face even greater obstacles when it comes to securing a home in the city. Although seniors make up one of New York’s fastest growing populations with nearly 1.5 million aged 60 or over, the city has few measures in place to lend them support when it comes to affordable housing. Ahead we look at the struggles taking hold of older folks, as well as some of alternative living situations a number of seniors have turned to in order to stay put.

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