A housing alternative for seniors in which a tenant is given the right to live in a dwelling unit in return for an upfront payment and monthly maintenance fees is called __________________

Question

Quizplus · Accepted Answer

Life lease housing is a housing alternative for seniors in which a tenant is given the right to live in a dwelling unit in return for an upfront payment and monthly maintenance fees. Retirement homes (A) refer to living facilities that provide care and services to seniors. The Home Adaptations for Seniors' Independence Program (B) and Residential Rehabilitation Assistance Program (E) provide financial assistance for home adaptations and repairs for seniors and people with disabilities. Adult lifestyle/retirement communities (D) refer to residential communities designed for seniors and retirees with various amenities and services.

A Housing Alternative for Seniors in Which a Tenant Is