Understanding CCRC Projects: Continuing Care Retirement Communities

A CCRC project is defined as the development of a continuing care retirement community.

Function

• As a form of assisted living, a CCRC is a project that combines housing and some form of healthcare. This type of retirement living offers independent and nursing home care for aging individuals.

  The three components of a CCRC project include: independent living, assisted living and skilled nursing care.

Considerations

• Several factors need to be considered when discussing CCRC projects. Developers must first understand the mortgage climate for senior living communities and subsequently develop a plan for construction. Consultants are also in place to ensure that the needs of the elderly are considered when developing the mission for a senior living community.

Purpose

• Senior citizens usually enter a CCRC after living on their own and encountering health or other personal issues that need ongoing, professional attention. In many cases, the families of these senior citizens decide that a senior living community is the best living arrangement for their loved one. A CCRC gives its residents immediate access to professional healthcare personnel and services.