This Presentation

Introduction:

What is an Elder Cottage? Why Elder Cottages? Regulations Challenges Marketing Senior Villages

Elder Cottage

What is an Elder Cottage?

• Small, Energy Efficient Home • Fully Self-Contained • Placed in the Back or Side Yard of an Existing Home. • Built to HUD, IRC or RVIA (ANSI) Code• Regulated by Local Jurisdictions– Accessory Dwelling Units

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CFW Motivations

• Board Directive• Silver Tsunami Phenomenon• Limited Senior Housing Options• Natural Fit for Manufactured Housing

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Why an Elder Cottage?

• Aging Parents Want to Be Near Their Kids• Adult Children Want to Be Near Their Parents• Multi-Generational Living is Difficult

– Emotionally, Physically and Logistically• Traditional Options are Expensive

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ADU Regulations

• Square Footage - Height• Exterior Appearance• Utility Connections• Parking Requirements• Owner Occupancy• Site Location - Entrances

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Challenges

• Zoning• Novelty• Site Access• Lack of Subsidies• Financing

– Refinance an Existing Mortgage– Home Equity LOC– Personal Property Loan– Cash

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Marketing

• Free Press• Web Site (www.ElderCottage.org)• Local Senior Magazines• Local Radio• Networking• Public Presentations• Model Cottage

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Senior Villages

• Clusters (8 – 25 units)• Facing Common Open Area• Amenities

– Small Yards, Gardens, Walking Path, Community Building, Shop

• Services– Utilize Existing Community Senior Services

Elder Cottage

Contact Information

Thank you for your interest and participation!

For further information, contact: Mark Wilson

Community Frameworks509.484.6733 x108