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Obama Administration's Funding for Assisted Living Senior Housing Poses Challenge in Converting Existing Structures
Existing multi-family apartment owners need an efficient and cost-effective way to retrofit them for safe, secure senior living
DENVER, Aug. 2 --
WHO: Mark Jarman, president
Inovonics
Inovonics is a leader in high-performance wireless sensor
networks for commercial and life safety applications.
(http://www.inovonics.com)
The uncertainty of the housing market combined with the aging
baby boom generation is prompting developers to plan hundreds of
new senior housing units across the country. According to the
American Health Care Association, the number of people aged 65
and older is supposed to almost double to more than 71 million
by the year 2030. A key indicator of these rapidly growing
trends can be seen in an announcement made last week by the U.S.
Department of Housing and Urban Development (HUD) (http:///
portal.hud.gov/portal/page/portal/HUD/press/
press_releases_media_advisories/2010/HUDNo.10-165) stating
that it awarded almost $20 million to four states for conversion
of existing multi-family apartment dwellings into assisted
living senior care facilities. The monies will allow the elderly
an opportunity to age in a place in familiar surroundings as
they become older and require supportive services. However, the
ability to move quickly while keeping costs down to convert
these living quarters so that states can take advantage of the
federal funding poses a challenge. Existing buildings need to
have life safety devices and call systems installed to ensure
that seniors can receive help and assistance immediately if
needed. Traditionally, this required re-wiring of the existing
structure, which is costly and labor- and time-intensive. The
grants are awarded on a competitive basis. During the review
process, HUD assesses several ranking factors including: the
extent to which the conversion is needed by the persons that the
project is intended to serve and the capacity of the project
owner to carry out the conversion in a timely and effective
manner. How do property owners who wish to take advantage of the
federal funding overcome the potential challenges in making
WHAT: their existing apartment complexes "assisted living-ready?"
Commercial-grade wireless products provide the best solution for
retrofitting a call system and life safety capabilities into
existing facilities without pulling wire and disrupting the
building's structure. Specifically designed for security and
life safety applications, wireless sensor network products can
be quickly and easily installed to provide emergency call and
life safety capabilities for apartment buildings as well as be
used in situations where the location of a mobile alarming
device (duress pendant) can be identified anywhere across a
building or campus. The result is building owners can retrofit
their existing apartment complexes quickly at lower cost than
traditional wired approaches and be assured of proven, reliable
HOW: performance for their senior residents.
CONTACT: Christie Denniston
Senior Account Executive
Catapult PR-IR
303-581-7760, ext. 13
cdenniston@catapultpr-ir.com
Source: Inovonics
CONTACT: Christie Denniston, Senior Account Executive of Catapult PR-IR,
+1-303-581-7760, ext. 13, cdenniston@catapultpr-ir.com, for Inovonics
Web Site: http://www.inovonics.com/
Obama Administration's Funding for Assisted Living Senior Housing Poses Challenge in Converting Existing Structures
Existing multi-family apartment owners need an efficient and cost-effective way to retrofit them for safe, secure senior living
DENVER, Aug. 2 --
WHO: Mark Jarman, president
Inovonics
Inovonics is a leader in high-performance wireless sensor
networks for commercial and life safety applications.
(http://www.inovonics.com)
The uncertainty of the housing market combined with the aging
baby boom generation is prompting developers to plan hundreds of
new senior housing units across the country. According to the
American Health Care Association, the number of people aged 65
and older is supposed to almost double to more than 71 million
by the year 2030. A key indicator of these rapidly growing
trends can be seen in an announcement made last week by the U.S.
Department of Housing and Urban Development (HUD) (http:///
portal.hud.gov/portal/page/portal/HUD/press/
press_releases_media_advisories/2010/HUDNo.10-165) stating
that it awarded almost $20 million to four states for conversion
of existing multi-family apartment dwellings into assisted
living senior care facilities. The monies will allow the elderly
an opportunity to age in a place in familiar surroundings as
they become older and require supportive services. However, the
ability to move quickly while keeping costs down to convert
these living quarters so that states can take advantage of the
federal funding poses a challenge. Existing buildings need to
have life safety devices and call systems installed to ensure
that seniors can receive help and assistance immediately if
needed. Traditionally, this required re-wiring of the existing
structure, which is costly and labor- and time-intensive. The
grants are awarded on a competitive basis. During the review
process, HUD assesses several ranking factors including: the
extent to which the conversion is needed by the persons that the
project is intended to serve and the capacity of the project
owner to carry out the conversion in a timely and effective
manner. How do property owners who wish to take advantage of the
federal funding overcome the potential challenges in making
WHAT: their existing apartment complexes "assisted living-ready?"
Commercial-grade wireless products provide the best solution for
retrofitting a call system and life safety capabilities into
existing facilities without pulling wire and disrupting the
building's structure. Specifically designed for security and
life safety applications, wireless sensor network products can
be quickly and easily installed to provide emergency call and
life safety capabilities for apartment buildings as well as be
used in situations where the location of a mobile alarming
device (duress pendant) can be identified anywhere across a
building or campus. The result is building owners can retrofit
their existing apartment complexes quickly at lower cost than
traditional wired approaches and be assured of proven, reliable
HOW: performance for their senior residents.
CONTACT: Christie Denniston
Senior Account Executive
Catapult PR-IR
303-581-7760, ext. 13
cdenniston@catapultpr-ir.com
Source: Inovonics
CONTACT: Christie Denniston, Senior Account Executive of Catapult PR-IR,
+1-303-581-7760, ext. 13, cdenniston@catapultpr-ir.com, for Inovonics
Web Site: http://www.inovonics.com/