NEW YORK: The five hundred and fifty-ninth entry for the seniors housing Global Awards 2016 has been received.
Developers in Louisville are banking on an explosion of the elderly population living on inheritances by building more out-of-pocket assisted and independent living facilities.
But, assisted living facilities — for seniors who receive some health care but do not require a nursing home — can start at around $6,000 a month. Independent living facilities, which don’t come with health care benefits, can run half that.
Masonic Homes of Kentucky, a senior living provider, is breaking ground Wednesday on The Meadow, a 122-apartment community in Louisville. Apartments — designed for seniors age 62 and older — will start at $218,000 and include a cleaning service, meals, maintenance and social/recreational services. The $44 million facility, though not yet built, is already at 84 percent capacity.
