Senior Housing Coming to Stockton
Current Population of Seniors
As Stockton's population continues to trend towards a younger demographic, the city's council proposed an initiative to raise the quality of life of Stockton's oldest residents this proposal takes the form of a $60 million housing project. Following retirement, rent prices can have a detrimental impact on the finances of retirees, city officials seek to counteract such issues by planning a senior housing unit worth over $50 million. Affordable housing for the city's oldest residents is among the most important additions of the year due to its extensive housing potential. New units would be exclusive to 65+ residents. As units begin to fill, other applicants will be considered, but the proposal's goal is to set up the city's older generation with housing for the foreseeable future. Residents can rest assured that their prices won't be hiked with inflation or similar factors, Stockton's commitment to its senior population shows the remarkable effort
Average Age in Stockton
The historic city of Stockton California is following a trend not seen around similarly populated cities, the young are replacing the old population at an incredible rate. As more cities experience a contrasting demographic change, one must ask, what is contributing to such a dramatic shift? Experts point to a myriad of issues, some present in similarly sized cities and some unique to Stockton. One issue plaguing modern cities has to do with declining birthrates, since the 2007 recession, birthrates in the US have consistently gone down. While financial hardship has a correlation to declining birth rates, one factor does not exclusively equal causation. Besides the economic strife at play, another factor contributing to declining birth rates is divorce, as recently as 1980 divorce rates among adults 65 and older were less than 5% for both men and women. According to census data, divorce rates are now past double-digit percentages for both men and women. A rising median age can have unforeseen consequences on the younger population, among these is a declining workforce due to a lack of manpower. Such consequences can lead to higher property prices, construction costs, and job loss due to a scarcity of resources.
Housing Approval
Another initiative directly impacting the senior community of Stockton is affordable housing loans. Stockton's city council's latest push toward affordable housing has more than $5 million behind it after the city council meeting held on 07/20/2022 where several proposals were heard and considered for the quality as well as the practicality of the proposed buildings. Among the approved offers is one company seeking to revitalize the city of Stockton through affordable housing, the Renovate South Stockton Coalition has expanded housing opportunities for the general population. Through initiatives like the South Stockton Promise Zone, a previously zoned area meant to prosper following the economic recession of the mid-2000s
Rebuilding Stockton's Beachfront
In addition to adding man-made buildings, Stockton's City Council is seeking to rejuvenate the beachfront area. Through grants and initiatives, the city's council is looking to add housing options for the less fortunate members of the community. The first initiative proposed was for a $3.5 million apartment building, "South Pointe" will be a community in Stockton's beachfront area. Mayor Lincoln and the rest of the city officials struggled during countless meetings, proposals, and regulations looking to strangle the initiative before it started. Stockton's shoreline has been neglected for years due to a lack of investment,
