February 29th, 2008
These units are not “assisted living”, but mostly comprised of small apartments that are easily accessible.
Ken Curley, from Promise Lenders in Holliston, recently requested my help for one of his clients looking into these housing options. His company focuses on Reverse Mortgages, which is a great tool for seniors to stay in their current home while freeing up the equity for medical, living, and household needs.
My findings around Holliston are as follows:
Holliston has a Housing Authority which oversees the small number of senior apartments around town. This complex is known as Cole Court. The Authority reported that there is a 5-10 year waiting list for this complex! Wow.
The town of Holliston also has a federally sponsored complex called Mission Springs. This building, built in 1997, has 75 units for seniors over the age of 62. Applicants must qualify under HUD financial guidelines, which are currently a maximum income level for a 1 person household of $30050. The waiting list also exists here, but they currently only have about a dozen people on it. They can be reached at (508) 893-8021.
Planning entrance to community senior housing is something that the seniors and their children have to plan ahead for. I recommend that you surround yourself with professionals to lay out all the options and who are versed in how to help you achieve your goals.
Call if the MAhome Team can be of service in this area.
We direct you to people like Ken Curley in the Reverse Mortgage arena, as well as attorneys and servicemen to work out the details.
Categories: HollistonThis entry was posted on Friday, February 29th, 2008 at 3:39 pm and is filed under Holliston. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.