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HAMV initiated an investigation of options for a long term care island roadmap in 2013, engaging other organizations in this journey of exploration and evaluation. As Paddy said “It’s hard to raise money for a dream”, and during those years, it was only pure persistence that kept this dream alive.
The ground kept shifting, due to changes in administrative leadership at the M. V. Hospital, changes in the size and composition of the older adult population on-island, and a continuing evolution of philosophy regarding nursing home care at the national level. HAMV’s conversations with Hospital and Windemere leadership were informed by our joint commitment to developing an economically viable solution, one that would recognize the values of Windemere, the need for workforce housing, and the challenge of retaining well-trained nursing staff and CNAs.
Small-house senior living may be well-suited to handle the disruptions of the Covid-19 era. This may help boost the model’s popularity going forward — but the industry will first need to overcome obstacles regarding the way these communities are developed, financed and licensed.
Just ask Jim Stroud, co-founder and former chairman of Capital Senior Living (NYSE: CSU) and current president of Dallas-based holding company Stroud Companies. After leaving Capital at the end of 2008, Stroud set out to find the next generation of senior housing models.