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Low Income Senior Housing & Senior Citizen Housing
Public housing or Section 8 is a low-income housing complex that is managed by the HUD. This type of housing is available only to low-income applicants including families, seniors, and those with a disability. If you are a senior, you are most likely going to be placed in a senior low-income Section 8 apartment.
Information for Senior Citizens
Looking for housing options for yourself, an aging parent, relative, or friend? Do some research first to determine what kind of assistance or living arrangement you need; what your health insurance might cover; and what you can afford. Then check here for financial assistance resources and guides for making the right choice.
Stay in Your Home
Reverse mortgages for seniors
Federal housing programs for seniors
Rural housing loans
Find an Apartment
Find affordable rents
Housing Choice Vouchers (Section 8)
Rural rental help
Reverse mortgage scams
Section 202 Supportive Housing for the Elderly – as implied by its name, Section 202 is the most appropriate option for the elderly as the units are designed to accommodate elderly individuals’ physical challenges. Care and supportive services, such as meals, housecleaning, and transportation are available at these residences.
Assisted Living Conversion Program
Section 231 Mortgage Insurance
Section 232 and 232/223(f) Mortgage Insurance
Section 504 Rural Housing Repair and Rehabilitation Grants
• Rural Housing Loan (Direct)
• Direct Housing Natural Disaster Loan
• Guaranteed Rural Housing Loan
Section 504 Rural Housing Repair and Rehabilitation Loan
Section 515 Rural Rental Housing Loan
Section 521 Rural Rental Assistance
Section 538 Guaranteed Rural Rental Housing
Housing Choice Voucher Program – currently abbreviated as HCVP, and formerly referred to as Section 8, this option provides vouchers that can be used at a multitude of public housing properties. It is more appropriate for elderly individuals because the participant has greater flexibility to choose a unit that works for their abilities. Additionally, this program is the largest of the three and therefore has a greater likelihood of having open spots for new participants.
Project-Based Rental Assistance
Public Housing – of the three, this option is the least relevant to elderly or frail individuals who require both housing and assistance. No care assistance is available, nor are the residences designed with the intent of accommodating frail, elderly persons. This may be an option for those seniors who can live independently, and if availability allows, for choice of housing units.
Low Income Senior Housing LOW-INCOME HOUSING TAX CREDIT (LIHTC)- Only individuals 62 or older are eligible for low income senior housing. Applicants must also have an income of less than 50% of the median income for their area. Housing is mainly provided to elderly persons that require daily assistance with living or need regular caretaking. Seniors must pay up to 30% of the rent for their unit.
Section 207 Mortgage Insurance for Manufactured Home Parks
Section 207/223(f) Mortgage Insurance
Section 213 Mortgage Insurance
Section 221(d)(3) Below-Market Interest Rate
Section 221(d)(3) and (d)(4) Mortgage Insurance
Section 236 Rental
Cooperative Housing or “co-op” is a type of residential housing option that is actually a corporation whereby the owners do not own their units outright. Instead, each resident is a shareholder in the corporation based in part on the relative size of the unit that they live in.
Continuum of care
Section 542(b) and 542(c) Risk Sharing Programs