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This Presentation Introduction: What is an Elder Cottage? Why Elder Cottages? Regulations Challenges Marketing Senior Villages Slide 2 Elder Cottage What is an Elder Cottage? Small, Energy Efficient Home Fully Self-Contained Placed in the Back or Side Yard of an Existing Home. Built to HUD, IRC or RVIA (ANSI) Code Regulated by Local Jurisdictions Accessory Dwelling Units Slide 3 Elder Cottage CFW Motivations Board Directive Silver Tsunami Phenomenon Limited Senior Housing Options Natural Fit for Manufactured Housing Slide 4 Elder Cottage Why an Elder Cottage? Aging Parents Want to Be Near Their Kids Adult Children Want to Be Near Their Parents Multi-Generational Living is Difficult Emotionally, Physically and Logistically Traditional Options are Expensive Slide 5 Elder Cottage ADU Regulations Square Footage - Height Exterior Appearance Utility Connections Parking Requirements Owner Occupancy Site Location - Entrances Slide 6 Elder Cottage Challenges Zoning Novelty Site Access Lack of Subsidies Financing Refinance an Existing Mortgage Home Equity LOC Personal Property Loan Cash Slide 7 Elder Cottage Marketing Free Press Web Site (www.ElderCottage.org)www.ElderCottage.org Local Senior Magazines Local Radio Networking Public Presentations Model Cottage Slide 8 Elder Cottage Slide 9 Slide 10 Slide 11 Slide 12 Slide 13 Slide 14 Slide 15 Slide 16 Slide 17 Slide 18 Slide 19 Slide 20 Slide 21 Slide 22 Senior Villages Clusters (8 25 units) Facing Common Open Area Amenities Small Yards, Gardens, Walking Path, Community Building, Shop Services Utilize Existing Community Senior Services Slide 23 Elder Cottage Slide 24 Contact Information Thank you for your interest and participation! For further information, contact: Mark Wilson Community Frameworks 509.484.6733 x108