Florida continues to recognize and address the need to strengthen and expand the portfolio of retirement options for the State’s growing population of seniors. Today, the Florida Legislature continued those efforts when the Senate passed legislation that will ensure the future viability and financial strength of the CCRC model in Florida. The House passed an identical bill last week.
The legislation modifies current laws affecting access to capital, expansions, and escrow requirements in order to reduce costs while streamlining reporting and the OIR examination process, as well as increasing transparency and notices to residents.
“CCRCs are an important part of the retirement portfolio Florida has to offer,” said Steve Bahmer, LeadingAge Florida President and CEO. “We’re excited about the opportunities that this legislation will create for CCRCs in terms of expansion so they can provide the necessary residential and care options for our state’s rapidly growing senior population. We would like to thank Representative Jenna Persons-Mulicka, Senator Clay Yarborough, our partners at the Florida Life Care Residents Association (FLiCRA), our members, and other stakeholders for their collaboration in helping ensure a healthy and vibrant senior living market for Florida’s future”
The legislation now goes to Governor DeSantis for final action.
For 60 years, LeadingAge Florida has been the state’s leading advocate for high-quality senior living, aging services and care. We are the only statewide association representing the full continuum of care for seniors. The Association provides up-to-date regulatory information, a wide variety of educational opportunities, representation before the Legislature and government agencies, group purchasing services, and opportunities for networking with peers to help member communities best serve the needs of Florida’s senior population.
