What does “aging in place” mean, and how can Expanding Housing Options support it?

A:

Being able to stay in your home or neighborhood as you get older is called “aging in place.” Right now, home prices in Salt Lake City are increasing significantly. If this trend continues, the seniors who have lived in this community their entire lives will be forced to move as property taxes increase alongside rising home prices. Additionally, many older adults in Salt Lake City live in large single-family homes that are difficult to maintain and no longer suit their needs, but there are no smaller, more affordable options in their communities for them to move into. If we want a community where people can downsize and stay near loved ones, with walkable neighborhoods near needed-services, we need to allow more home types. Duplexes, townhomes, and other new home types can help stabilize both for-sale and rental prices.