College students have been hit hard by California’s housing crisis, struggling to find affordable digs near campuses that in many cases are located in the state’s priciest markets.
Interest in intergenerational living is percolating on a number of campuses nationwide. At rural Humboldt State, thriving cannabis and vacation rental industries have put pressure on already limited housing stock. Campus staff have collaborated with a local senior agency to host community events where seniors and students sign up for the online platform Silvernest, which connects potential housemates.
Students at New York University can dodge the Big Apple’s famous broker fees by applying to share apartments with seniors through the New York Foundation for Senior Citizens. Only four pairs of housemates have been matched so far, but Emily Gadd, who helps coordinate the program for NYU, says she expects interest to grow.
“Our guess is that in five years this is going to be something happening all over the country,” Gadd said.
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