Housing for Senior Citizens: Meeting New York's Needs: Fid-Bau Portal

Housing for Senior Citizens: Meeting New York's Needs

The Senate Standing Committee on Housing and Community Development planned and held a series of statewide hearings on housing for senior citizens. During these hearings, the Committee listened to testimony from III witnesses, including senior citizens; state, city, county, town and village officials; planners; housing specialists; church organizations; architects; builders; bankers; and construction union representatives. Testimony was received on such subjects as the need for a state-wide senior citizen housing projects bond issue, the conversion of abandoned school buildings to senior citizen housing projects, the condition of the existing stock of housing for the elderly in the state, the need for additional units of senior housing, the length of waiting lists, the need for increased levels of rent subsidy, proposals for school and real property tax reform to aid the elderly in keeping their homes, and proposals such as the 'reverse mortgage annuity', which would enable homeowners to receive a steady flow of income based on their equity in a home while enjoying its use as livingspace. The report summarizes and consolidates the testimony taken at all the hearings, concluding with a list of legislative recommendations to be acted upon by the Committee during the 1978 legislative session.