HUD 221(d)(4) Elderly Developments

What are Elderly Developments?

What are Elderly Developments?

Elderly developments, also known as independent living facilities, are properties designed for the elderly that may not contain services associated with retirement centers such as central kitchens and dining areas, and other non-shelter spaces. With HUD 221(d)(4) financed projects, no non-shelter services is a mandatory condition for occupancy.