Today's Date: June 19, 2021
The first-ever Black-owned social job network built on blockchain technology launches Juneteenth   •   Bridging the Racial Wealth Gap: Milken Institute Outlines 14 Strategies to Partner with Mission-Focused Banks   •   OHUB Hosts 2nd Annual Juneteenth 4.0 Celebration in New Orleans, Announces OHUB x NOLA Innovation & Equity District with 153   •   Egale Virtually Closes The Market   •   Granite and Granite CANDID Partners with Black-Owned Businesses to Commemorate Juneteenth   •   The Greater Indian Land Chamber of Commerce Formally Welcomes Watercrest Fort Mill-Indian Land Assisted Living and Memory Care   •   Let's Kick Off Summer 2021   •   Mohawk Council of Kahnawake issues statement as Bill C-218 enters the home stretch   •   Hazelden Betty Ford Graduate School of Addiction Studies Announces Scholarship for BIPOC Applicants   •   Procter & Gamble & Tribeca Studios Announce Widen the Screen Film Program Premiere at Tribeca Festival   •   Clark Atlanta University Welcomes Vice President Kamala Harris To CAU And Accepts The White House COVID-19 College Vaccine Chall   •   Delaware Courts Close in Honor of Juneteenth While Courts Remain Overwhelmingly White Despite Activist Demands   •   How Diversity In Dentistry Mentorships Impacts BIPOC Communities   •   Panzura Signs Juneteenth Pledge   •   Magellan Healthcare Hosts Webinars in Support of BIPOC Mental Health Awareness Month in July   •   Sparks Are Flying! MCR Purchases the Home2 Suites by Hilton Evansville Just in Time for the Fourth of July   •   AHF Launches New Campaigns “Hook Up With Us” Addressing 6th Straight Year of Increases in STDs and “AHF Is Res   •   Author H. H. Leonards Partners with R.H. Boyd Publishing Corp. for book about the life and lessons of Mrs. Rosa Parks   •   HITN Broadcasts “Vacunate Por Todos” Exclusive Program Addressing Common Vaccine Concerns and Questions Among the La   •    Coming Together: California Youth Connection and Foster Youth in Action Announce Merger Designed to Increase Capacity, Res
Bookmark and Share

Senior Citizens Face Homeless Crisis as Incomes Fall and Rent Skyrocket

Senior Citizens Face Homeless Crisis as Incomes Fall and Rent Skyrocket

Failing health, crumbling incomes and rising home costs have forced thousands of senior citizens into the streets. In California, for example, more than 30,000 Los Angeles area seniors will be homeless by 2030, explains Nick Saifan, CEO of the veteran-friendly company Vendaval, who adds that immediate public and community action are needed to save those who can't save themselves.

PR Newswire

HUNTINGTON BEACH, Calif., May 17, 2021 /PRNewswire-PRWeb/ -- There is a looming crisis affecting America's senior citizens and if not addressed, thousands of them will end up in the streets with no place to call home.(1) As Baby Boomers age, the number of homeless seniors across the US jumped nearly 70 percent between 2007-17.(2) "Baby Boomers face a rough future," said Nick Saifan, CEO of the veteran-friendly company Vendaval Corp. "Many of us are in failing health and forced to live on Social Security. Housing costs have exploded. That's left many, who expected a comfortable retirement, facing foreclosures, evictions and life on the streets."

Researchers predict the number of homeless seniors in New York City will more than double from 2,600 to 6,300 by 2030. In Boston, the figure is projected to jump from 570 to 1,560 over the next decade.(1) The number of homeless seniors in Los Angeles rose 22% in 2018, leaving 4,800 seniors on the streets. Experts predict that number could rise to 30,000 by 2030.(3)

A full and comfortable retirement is no longer realistic for millions of aging senior citizens and veterans. Many now work well beyond retirement age to make ends meet. Health and aging issues make it difficult for seniors to obtain jobs. In addition, many companies shy away from older employees. The stress that comes from aging, as well as the death of spouses and friends, adds to the challenges many seniors now face.

California's senior population is rapidly growing—according to published reports, by 2030, the older-than-65 sector will increase by 4 million people.(4) As this population ages, explains Saifan, their old housing has become unsuitable or untenable. More seniors have chosen to age in place, holding onto their single-family residences longer than previous generations. However, aging in place may not be possible for all seniors, especially those who need extra help and those who rent. Seniors who live on fixed incomes are vulnerable to the rent increases that have taken place across California. And federal laws don't always protect seniors from arbitrary rent increases.

The toxic brew is felt nationwide, but it is severe across California. Solutions are hard to find. Experts and advocates like Saifan say a comprehensive approach is needed. Saifan contends that local governments can provide a huge help by reducing the red tape developers face. Fewer government restrictions will let qualified builders modify old homes for seniors, build affordable properties, and create group home settings for the aging population. The government, says Saifan, is paramount to making this work.

"A strong partnership among communities, advocates, home builders and government agencies may be the best way to create a better future," Saifan says. "Those options can range from fixed rent controls for seniors, the use of shipping containers to create housing, and access to vacant lands and empty buildings currently controlled by state and local governments."

Saifan, who spent 24 years in the military and decades more advocating for senior citizens, states that a caring and involved community is paramount to the success of any well-intended housing program. He adds that his company, Vendaval, has years of hand-on expertise in developing affordable homes. The time is now, Saifan said. He calls on communities, advocates for seniors and local governments to work together and make aging a blessing, not a curse.

"The government can't do everything," Saifan said. "We have to start thinking about these issues as a community. More private entities are needed to take the lead on behalf of these seniors. We all need to think beyond ourselves and focus on helping elders enjoy their golden years."

About Vendaval Corporation

Nick Saifan served in the U.S. military for 24 years, including time stationed in Riverside County, CA. He experienced firsthand the difficulties of transitioning from military life to civilian life and, as a co-founder of a community-based nonprofit, he watched the difficulty in getting donations increasing year by year. Today, he's putting his business savvy where his heart is. He sees a community that, like many, has struggled to evolve with a changing employment picture in the region. Today Vendaval Corporation visualizes a sustainable business structure creating the opportunity for helping those in need with successful community-based programs. The differentiator in the communities he visualizes is self-sufficient affordable housing in a mixed-use development that offers on-site programs for veterans, youth, education, childcare, on-the-job training, and job placement. These programs begin even before ground is broken. Rounding out the community are retail outlets such as bakeries/coffee shops, dry cleaning shops, a paid-membership fitness center, and financial institution. For more information. visit http://www.vendavalcorp.com/.

1. Culhane, Dennis; Treglia, Dan; Byrne, Thomas; Metraux, Stephen; Kuhn, Randall; Doran. Kelly; Johns, Eileen; Schretzman, Maryanne; "The Emerging Crisis of Aged Homelessness: Could Housing Solutions Be Funded by Avoidance of Excess Shelter, Hospital, and Nursing Home Costs?"; University of Pennsylvania; aisp.upenn.edu/wp-content/uploads/2019/01/Emerging-Crisis-of-Aged-Homelessness-1.pdf?fbclid=IwAR1dKGb0jYNtbBaJnd6azxLOR0gbpiCYIAocIYGUcujWiM0j6hJ9vPSosG8

2. Department of Urban and Housing Development; "2017 AHAR: Part 2 – Estimates of Homelessness in the U.S."; October 2018; hudexchange.info/resource/5769/2017-ahar-part-2-estimates-of-homelessness-in-the-us/; Accessed 11 May 2021

3. Sharma, Amita; "A Senior On The Street, With Little Chance Of A Home"; 25 April 2019; KBPS Public Media; kpbs.org/news/2019/apr/25/senior-streets-little-chance-home/

4. Beck, Laurel; Johnson, Hans; "Planning for California's Growing Senior Population"; August 2015; Public Policy Institute of California; ppic.org/publication/planning-for-californias-growing-senior-population/#:

Media Contact

Karla Jo Helms, JOTO PR Disruptors(TM), 727-777-4621, khelms@jotopr.com

Daniel Mutter, JOTO PR Disruptors(TM), 727-777-4621, dmutter@jotopr.com

Twitter

 

SOURCE Vendaval



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
Breaking News
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News