Senior Apartments

Residential facilities, apartments and/or planned communities exclusively for older adults that are available at market rates and designed to enable older adults to have a form of independent living in a secure environment while sharing common interests and having access to supportive services and a range of activities designed to promote social contact among residents. 

More Common Terms

  • Reverse Mortgage A type of loan where an individual borrows against the value of their home and does not have to pay back the principal until the individual sells the home or leaves the home permanently.
  • Medicaid A state program that is financed at both the state and federal level that provides medical and long-term care benefits for low-income people. The “Medicaid” term may vary in various states.
  • Occupational Therapy Therapy that trains individuals to manage everyday tasks in order to promote independence in the home.

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