Why Senior Housing Matters More Than You Think

Insights from Westminster Village

When people talk about the housing crisis, senior housing is often left out of the conversation. But as Patrick Hoban and Matt Riehle of Westminster Village discussed on the Building Being podcast, it may be one of the most important—and overlooked—pieces of the puzzle.

More Than a Place to Live

Westminster Village is a Life Plan Community serving more than 430 residents across independent living, assisted living, memory care, and skilled nursing. Its mission is simple but powerful: help people live their lives, no matter where they are in the aging journey.

With dining, wellness programs, arts, events, and daily services all on one 43-acre campus, Westminster functions like a small village—keeping residents connected, active, and supported.

A Major Economic Driver

What many people don’t realize is that senior housing is also a major economic engine. Westminster employs about 350 people, operates 24/7, and ranks among McLean County’s larger employers. A recent $80 million expansion supported local contractors, suppliers, and service providers, creating ripple effects throughout the local economy.

Westminster is also deeply involved in workforce development, partnering with the Bloomington Career Academy to train CNAs and culinary students—many of whom transition into long-term healthcare careers.

The Demographic Shift Is Here

The fastest-growing population group in the country is people aged 65 and older. In fact, they now outnumber those under 25. At Westminster, occupancy is around 95%, with nearly 400 people on the waiting list—and demand is only expected to grow.

Today’s seniors are living longer, healthier, and more engaged lives, which means communities must rethink housing, healthcare, and long-term planning.

Why Economic Development Matters

Senior housing doesn’t exist in a vacuum. Growth depends on collaboration with local governments, economic development organizations, school districts, and healthcare partners. These connections help ensure that new development meets real community needs—from housing turnover to workforce stability.

As the population continues to age, communities that plan ahead will be better positioned to thrive. Senior housing isn’t just about aging—it’s about strengthening the entire community.