CCRC News: A need for financial transparency, Gov. Malloy signs Connecticut CCRC bill, 18 new CCRCs under construction and leaning toward variations of rentals

CCRC-related news articles of interest and topics worth tracking this week

CCRC-related news articles of interest and topics worth tracking this week

National Continuing Care Residents Association’s ‘Bill Of Rights’ Proposal (see page 3 within the newsletter link : “We Deserve a Say” )

Financial transparency remains a key factor that CCRC residents both want and need for protecting their rights according to the National Continuing Care Residents Association. A surprised resident is an unhappy resident.

Gov. Daniel P. Malloy, Connecticut, signs bill requiring CCRC providers notify residents about major financial decisions involving their businesses, such as ownership changes and construction.

The Connecticut bill adopts elements of the National Continuing Care Resident Association’s “Bill of Rights.” Disclosure based regulation requires transparency.

Brooksby Village, Peabody, MA, Hosted Alzheimer’s Awareness Event

Memory Support services and the impact of Alzheimer’s are only growing in importance as the demographic bubble of the baby boomers age. It’s worth asking after what a community  you’re considering is doing to address dementia.

18 CCRCs slated to open within the next year nationally, seven will offer some variation of a rental model

After a pause and even stumbles during and after the Great Recession, CCRC developers are again pouring on the coal with hundreds of millions of investment in both new communities and upgrades or expansions of existing facilities. This article highlights that with residential real estate sales back on track, seniors can unlock value in their current home and choose a new lifestyle by reinvesting the proceeds in a CCRC.

U.S. Department of Justice (DOJ) weighs in on Virgina CCRC’s dining room policies regulating the use of motorized wheelchairs and scooters

CCRCs vary in their policies about assisted living resident’s access to the independent living dining room. This case highlights there’s a balancing act between safety regulations and the American’s with Disabilities Act (ADA) requirement of reasonable accommodations. It’s worth asking, “If my spouse is in assisted living and I’m still in independent living, can we still eat together in the main dining room?”