Aging in Place: The Role of Public-Private Partnerships

Declining public resources necessitate collaboration between public and private investors in order to meet the demands of an aging society to ‘age in place.’ Aging in place is a term that has emerged in the past ten years to describe older people’s desire to stay in their home and community. This paper presents an overview of aging in place and the role of public-private partnerships in finding solutions. Examples illustrate the common elements of successful existing partnership models for future replication. Additional opportunities for innovation demonstrate that much more can be done to meet the needs of the aging population and honor their preference to age in place.