Senior housing affordability measures often don’t account for key factors that influence immediate and long-term affordability for older adults. To address this gap, the National Investment Center for Seniors Housing & Care (NIC) launched the NIC Senior Housing Affordability Calculator, an interactive tool designed to expand how senior housing affordability is evaluated, initially focused on assisted living affordability.
Traditional affordability measures focus on whether an older adult can afford rent upon move-in, but NIC’s new calculator adds a critical dimension: time. The tool estimates how long older adults can sustain private-pay assisted living costs under a defined set of assumptions, incorporating factors such as income, assets, rent levels, and projected growth rates.
The calculator was developed to provide operators, investors, lender
