"Many older adults have to consider the cost and availability of care when deciding where to live, especially as they age. This dual burden highlights the inextricable link between housing and assistance and is a major driver of older adults’ housing choices. As the population ages and as housing and care costs increase, more older adults will struggle to afford either the home of their choice or the care they need, and in many cases, both. With subsidies for housing and LTC services so scarce, an increasing number of older adults with very low incomes will have to forgo needed care or rely on family and friends for assistance, loved ones who will almost certainly bear their own financial and emotional costs in turn. Many households with moderate incomes will also face the challenge of affording both housing and LTC services, particularly renters and homeowners with housing debt. Innovations in the housing and care sectors are a start, but there is tremendous need for creative alternatives to existing models."
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