May 26, 2017 by Stephen R
This article explains how a “Naturally Occurring Retirement Community” (NORC) has taken shape in New York.
The demographic term “NORC” was first coined in the 1980s by Michael Hunt,[1] a professor of urban planning at the University of Wisconsin-Madison. He defined NORCs as neighborhoods and housing developments, originally built for young families, in which 50 percent of the residents are 60 years or older and have aged in place. Over time, this threshold definition has been adjusted by communities and policymakers to reflect local residential patterns.
http://realtormag.realtor.org/daily-news/2017/05/10/new-aging-in-place-trend
- Stephen P. Rudolph MHCA, LFACHE, CSA, NHA
