The preferred choice of today's rapidly expanding retirement population, life-lease living is an attractive option offering a sense of community, homogeneous lifestyle, independence, and the availability of services to respond to an individual's changing needs. Life-lease housing is available to individuals and couples 55+.
Rimoka Housing Foundation operates Legacy Place, offering 51 spaces of independent living.
Residents purchase the exclusive right to occupy an apartment for the rest of their lives. After paying an initial life-lease payment, monthly fees pay for the operation and maintenance of the building.
Affordable monthly fees are paid by residents to cover property taxes and operating costs for parking, maintenance, utilities (heat, water, sewer and garbage removal), yard care, snow removal, janitorial services, and expenses associated with the management of the building. These fees are based on the size of the unit.
To learn more, please contact us.