Affordable Senior Housing

February 2, 2015

Affordable Senior Housing Is Not A Dream

For many retirees affordable senior housing is one of their main concerns, especially to those living on low fixed incomes.

Thankfully, the HUD 202 program makes affordable senior housing a reality as long as they meet some simple eligibility requirements.

Affordable Senior Housing Eligibility Requirements

If the person applying for senior housing assistance or their spouse is at least 62 years old they are able to proceed with the income eligibility check.

First, the senior’s adjusted gross income is calculated by subtracting any approved medical expenses from their current income.

Next, this amount is compared to a threshold based on the state and county of where they live. These numbers are periodically adjusted to reflect economic changes such as inflation and cost of living adjustments (COLA) and the HUD website always has the latest income guidelines available as a PDF file for downloading or you can use an interactive map to find the income levels for your area.

Finally, if they fall under the cut-off point they are eligible for senior subsidized housing and will only have to pay 30 percent of their AGI (adjusted gross income) towards rent and utilities.

It is important to note that all affordable senior housing properties comply with federal regulations that accept anyone who qualifies without regard for national origin, race, religion, color, disability or sex.

If you have applied for subsidized housing and feel you have been unfairly denied you need to file a complaint as soon as possible.

These government subsidized properties are built and run by many non-profit groups that received special HUD loans and HUD is not involved with the operation of the properties in any way.

There are some privately-funded senior housing programs but these are usually restricted to certain groups such as a specific religion and most people not involved with the group will not even be aware of these programs.

While the HUD subsidized programs do not pay for any additional services there are many places that have staff to help connect seniors with outside services such as transportation and meal deliveries.

Anyone looking for affordable senior housing for their loved one should check early to make sure there is either no or a short waiting list since the more desirable properties fill up fast.

It is also good to find out if there are any available services offered and if there is a cost associated with them.

Additionally, there are some communities that have residences for those with special needs like issues with mobility.

The elderly does not have to worry about finding affordable senior housing that is decent and safe no matter how little of an income they have thanks to HUD and other privately run subsidized housing programs.

January 21, 2015

The primary means of getting affordable senior housing is to use the various Federal and State programs that are specifically designed to help the elderly procure clean, safe housing.

While there are some private organizations that provide senior housing assistance the government run programs are usually easier to qualify for and are encompass the entire country while private programs might be specific to a certain geographical area and require applicants to be a part of a specific religious or fraternal organization.

One example of such a government subsidy aid is the HUD 202 program which should not be confused with other HUD programs like public housing that offers rent assistance to any seniors that can meet the requirements of the program.

Affordable Senior Housing Requirements

This is primarily based on a senior’s adjusted gross income which is their current income less any approved medical expenses. One the AGI is computed a senior typically pays 30 percent of that towards their rent and any utilities.

Further requirements are that the applicant or their spouse be at least 62 years old and have income consistent with HUD guidelines meaning seniors with substantial incomes or assets probably will not qualify.

While these Section 202 communities do not pay for any additional services they usually offer things such as transportation, meals, health care and activities for the residents thanks to on-site service coordinators that match up a senior’s needs to local community based services as well as various charitable organizations.

Those seeking help finding affordable senior housing should first look at the various options provided by HUD as well as any organizations they might be a member of that offer housing programs for the elderly.

Be sure to research each option and make a short list of those communities you are interested in and then make an appointment to visit them in person before making any commitments.

It is also a good idea to check on the Internet for any reviews of the communities by residents to find out if there are any issues that might cause you to not want to live there.

Affordable senior housing is out there, you just have to do a little bit of research but it can be well worth it in the end.

January 16, 2015

Low Income Senior Housing

For anyone over the age of 62 living on Social Security low income senior housing is probably the only option when looking for a place to live.

Low Income Senior Housing Can Be Very Nice

Despite the images of dreary, run-down, bug infested apartments most low income senior housing is actually quite nice and undergo regular inspections.

Many residences are apartment buildings with activity centers and planned events such as trips to the local stores and some have meal services available as well. In fact, you have probably seen a group of seniors getting out of their shuttle bus at the grocery store.

Some subsidized senior housing will also have staff that can assist a senior that has mobility issues and some units are designed with this in mind with step in showers instead of tubs, etc.

Yes, there are some poorly maintained units in large cities but for the most part the subsidized senior housing is clean, safe and a fun place to live.

As I stated earlier if you or your spouse is at least 62 you are eligible for housing assistance as long as you do not have any children living with you.

The next step is to check your income which is calculated by subtracting any approved medical expenses from what you get each month and this adjusted gross income is compared to a table that the HUD department maintains.

This table has median income levels for every state and county and your income must be less than the 50% mark which is considered Very Low Income. This table changes due to inflation and cost of living adjustments so you need to make sure you are looking at the most current version.

If you qualify you only pay 30% of your adjusted gross income and the government’s Section 202 program pays the rest.

One thing to note is that if you are planning on applying for rent assistance for a particular senior community you should ask if there is a waiting list because many of the more desirable properties have long waiting lists and applying early before you need to move into subsidized housing improves your chances of getting in.

This is especially true in larger cities where the waiting lists can be several years long for the better units.

No matter which low income senior housing units you choose you want to make sure that the property is well maintained and in a safe neighborhood.

Talking to residents can give you a good idea as to whether or not you too would be happy there and be sure and ask them about any problems they might have had.

Read over your leasing agreement and if there are any items that you don’t understand have your lawyer explain them to you. It is in your best interest not to sign any papers until you have a thorough understanding of what you are signing.

If you plan ahead and choose a nice property you will find that living in low income senior housing is not the nightmarish dead-end place to live that so many people believe.

It can be very cheerful, fun and rewarding with lots to do to keep you busy in your golden years.

Section 202 Supportive Housing for the Elderly Program Information

The Section 202 Program is provided by private, nonprofit housing and service-oriented organizations that have received capital advances from the government to finance the construction and rehabilitation of structures. These structures serve as supportive housing for very low-income elderly persons. The Section 202 program provides rent subsidies for the projects to help make them affordable. Supportive services provided under the Section 202 program include meals, transportation, and accommodations for residents with disabilities. Contact the local housing authority (see above). Eligibility: The program benefits low-income residents age 62 years or older. – ElderCare.gov

Many Using Low Income Senior Housing Assistance Are Over 80

Low Income Senior Housing Households of the very aged renters, who are 80 years and older, comprise about a third of the very low-income elderly renters. Nearly half pay more than 50 percent of their incomes for housing. About one third live in central cities. Nearly two- thirds are women living alone.

There are an additional 8.9 million elderly homeowner households with very low incomes. About 1.3 million of these households subsist on incomes that are less than half of the official poverty level. Nearly two-fifths of elderly homeowners with very low incomes have priority housing problems, paying more than 50 percent of their incomes for housing or living in severely inadequate housing, with nearly all suffering from high cost burden. About 23 percent of elderly homeowners with very low incomes live in central cities. Single elderly women comprise 43 percent of very low income elderly homeowners.

January 10, 2015January 29, 2022

Low Income Senior Apartments

Many of our elderly living primarily off of Social Security are in serious need of affordable housing and this is where low income senior apartments can help.

Older people often have difficulty maintaining a large home both from the physical aspect as well as financially and often decide to downsize to an apartment to save money and simplify their life. Smart seniors will begin planning this move well in advance and have all of their ducks in a row prior to moving.

Unfortunately, many seniors cannot afford a luxurious condo or high-priced apartment and must instead look at lower cost alternatives.

People with very low incomes will need help and thankfully there are federal and state agencies in place to help seniors find affordable housing that is clean and safe.

Government subsidized senior housing allows anyone 62 or over that meets the low income threshold based on where they currently live enjoy the freedom of independent living by paying a portion of their rent each month.

Low Income Senior Apartments – Most Are Nice Places To Live

While there are some low income senior apartments that are in disrepair or located in unsafe neighborhoods the majority of the subsidized apartments are clean, safe and actually nice to live in.

Some have additional services like assistance for those that need a little extra help getting around. Transportation services as well as physical activities are common and there is usually plenty to keep the seniors occupied.

In fact, you probably have seen the little shuttle buses from some of these communities in front of the mall or grocery store.

Some apartment complexes have regularly scheduled activities and a senior center that is usually staffed. There might even be a pool, tennis courts and shuffleboard available!

Before signing any lease on an apartment do a little checking around to see what other residents think about the building. Try to make a night visit to make sure there is adequate lighting and no undesirables are hanging around. Many people don’t think about this but I did this before i moved into an apartment complex and I can tell you that you definitely get a different perspective when you make a night time visit.

Understand the lease terms of your low income senior apartments leasing agreement and if there are any parts that are unclear have a lawyer look it over and explain it to you fully before signing any papers no matter what the leasing agent tells you.

There Is A Huge Demand For Low Income Senior Apartments Nationwide

Data from the 2005 American Housing Survey indicate that, of the 12.5 million elderly households with very low incomes, an estimated 3.8 million are renters (see Table 1-14, at the end of this chapter). About 737,000 of elderly renters subsist on incomes that are less than half of the official poverty level.

Nearly half of elderly renters with very low incomes have priority housing problems, meaning that they pay more than 50 percent of their incomes for housing or else live in severely inadequate housing, with nearly all suffering from high rent burden. Slightly more than two-fifths of all elderly renters with very low incomes live in central cities. Fifty-five percent are women living alone.

There are an estimated 3.8 million very low-income elderly renters and 8.8 million very low-income elderly homeowners nationally who are unassisted. Of these 1.4 million renters and 3.2 million owners have priority housing problems

The Section 202 residents are somewhat older than the elderly served by other programs with a median age of 74 years. The median age of those receiving vouchers is 69, and 70 for those in public housing. However, for those in other multifamily housing, the median is also 74.

People who needed public housing faced waiting lists of several months and difficulty finding an accessible apartment or house.

About half of elderly persons who are admitted to Section 202 housing move from a private house or apartment, and an additional one-quarter were previously living with family or friends. Just under a fifth move from other types of assisted housing, including other Section 202 projects. Less than five percent move from institutional or rehab care.