Works in Progress. Pictured: Cedarwood

Cedarwood – The 14 unit Cedarwood Senior Cottages will be the first Tenants to Homeowners (TTH) rental project designed to address the fastest growing adult population – seniors aged 62 or older. According to Census and AARP projections 10, cialis usa people turn 65 monthly and this growth will not abate until the senior population doubles, leveling off at over 80 million in 2030.  Census surveys show the 60-64 age group residing in Douglas County grew by 70% between 2000-2008.  A 2012 study by the local Retiree Attraction & Retention Task Force found a current weakness in efforts to attract or keep retirees is “an insufficient number of income sensitive housing options.”

CW_looking_west_aerial _view

The fully accessible Cedarwood units will offer award winning Energy Star efficiency as well as gardens, walking paths and a community center for low to moderate income seniors. All units will rent for below fair market rental and 10 of the units will meet state income restricted requirements for senior households earning less than 60% of median area income. In addition to being an affordable senior community offering the joys of independent living without the responsibilities of homeownership, Cedarwood will be a twenty first century, smart tech community with a base system of sensors providing greater flexibility, health and safety for senior occupants.  Your contribution to the Cedarwood Senior Cottages development will support a model project intended to generate interest in a variety affordable senior housing options for Douglas County.