1. OPPORTUNITY+STICK+CARROT
RETIREMENT HOUSING
OPPORTUNITY+STICK+CARROT
Matthew Fox
9th July, 2015

2. THE OLD WORLD Over 33% of HA tenants over 65
In next decade, 35-55’s actually decline
Within 10 years, 25% of total population
1% of over 60’s in Retirement Living vs 17% in US
25% say that will go to Retirement Living
Over 50% under-occupy
7,000 homes pa vs 30,000 in 1980’s.

3. DEVELOPER RESPONSE Retirement Housing is specialist
Larger flats so fewer units
Management grief
Tricky for sale market
Happy, Smiling Young Families
Not a private rental market
Older residents are good tenants.

4. STICK Fresh air of Transparency % of Homes Under-occupied
Lost Value of Under-occupied Homes
% Churn
Hidden Property Value.

5. CARROT Won’t move if rent will double Have to offer a Social Rent
Cannot because no Grant
So, nothing is developed
Use the Historic Unit
Rent Historic at Affordable or Market and ….
Cross-Subsidise.

6. CARROT (diced) Impact on Benefit Bill House only those not on Benefits
Incentives for more downsizing
Essential element of large, multiuse sites
Length of Social Commitment
Revenue Funding / Service Charges
Value for Money / Counter-factual.

7. ASSISTIVE TECH Smart Homes Sensors for Energy Sensors for Activity
Reminders
Staff Savings.

8. DATA Age of Old People Under-Occupancy Stair Problems Garden Problems
Now / in 5 / in 10 / in 15
Planned Development.

9. STRATEGY Well-being not just Homes Multi-Stakeholder Homes Advice
Assistive Tech
Delivery Plan.

10. SO WHAT IS RETIREMENT HOUSING?
IT’S THE BIGGEST…….

12. QUESTIONS