USDA Feasibility Study for Assisted Living and Senior Care in Delaware

    NAICS 6233

    Assisted living and senior care projects in Delaware address one of the oldest county populations in the country: 31.8 percent of Sussex County residents are 65 or older, against 18.0 percent nationally. An independent USDA feasibility study consultant quantifies age- and income-qualified demand within a defined primary market area, benchmarks rent and care revenue against comparable communities, and projects financials with sensitivity to occupancy ramp and labor cost.

    Program Fit

    Both B&I and Community Facilities apply depending on sponsor structure; CF projections for assisted living must be based on no more than 90 percent occupancy (7 CFR 5001.304), and Delaware does not require a Certificate of Public Review for assisted living.

    What the Study Covers

    Framed to the scope required by 7 CFR Part 5001 Appendix A for OneRD guaranteed loan submissions.

    • Market demand and competitive supply analysis
    • Technical and site feasibility, including environmental considerations
    • Five to ten year financial projections with DSCR, DCF, and sensitivity analysis
    • Management and operational capacity assessment
    • Economic feasibility and rural community impact

    Delaware Market Evidence

    Delaware's 65+ population grew 23 percent since 2020, the fastest of any state, and Sussex County's median age is 53.2; because there is no certificate-of-need moat, the study must include a supply pipeline census alongside penetration analysis. Because the Philadelphia urbanized area reaches into New Castle County, eligibility in Delaware is parcel-specific north of the C&D Canal, while Kent and Sussex counties are broadly eligible; USDA sets rural determinations at the census level, so sponsors should confirm the exact project parcel against USDA's rural-area determination before relying on eligibility.

    Frequently Asked Questions

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