Federal legislation has created housing programs that assist older adults who have limited income.
The Senior Source understands the complexity of subsidized housing programs and has compiled the following to help you navigate through the maze of information. Please note: This is housing for “independent living.” If you are interested in long-term care housing, such as a nursing home or assisted living, please contact The Senior Source 214-823-5700 to further discuss.
Here is a summary of the programs. The page numbers listed in parentheses go into more detail and provide a list of the apartments.
1. HUD apartments (pages 2 – 4)
These apartments contract with HUD and calculate rent according to your income. Rent is typically 30% of your income. You must be at least age 62 or have a physical disability that requires a handicap-accessible apartment. (There are a few out there with a lower age requirement
of 55.) These apartments are privately owned and managed. You apply directly with the apartment. They are not associated with the local housing authority.
2. USDA apartments (page 5)
Yes, that’s right! The U.S. Department of Agriculture has subsidized housing for older adults. You must be at least age 62 or have a physical disability that requires a handicap-accessible apartment. These properties are located in rural areas and managed by local “service centers.”
USDA apartments are part of a government-backed initiative to provide affordable housing to seniors, people with disabilities, and other low-income individuals in rural communities. These apartments are often located in smaller, less urbanized areas where the cost of living can be lower, making them a great choice for seniors looking to live independently while maintaining an affordable lifestyle.
3. Tax credit apartments (pages 6 – 8)
The Low Income Housing Tax Credit program provides tax incentives to apartments in exchange for offering “reasonable” rent to older adults with limited income. Rent varies according to income. Most require you meet income requirements to show you have enough income for the rent. Age eligibility varies; age 55-60 and older, offering subsidized housing options for seniors.
4. Public housing (page 9)
The conventional public housing program provides rental assistance to low and moderate-income families and individuals. The local housing authority owns and manages these properties. You apply with the housing authority and must live at one of their properties.
5. Section 8 (page 9)
The Housing Choice Voucher program, otherwise known as Section 8, is also managed by the local housing authority. You pay a percentage of your income towards rent. The voucher allows you to live anywhere the voucher is accepted, providing more flexibility than traditional subsidized housing options. You are not limited to the housing authority properties like with the conventional public housing program.
Navigating the world of subsidized housing can be overwhelming, but The Senior Source is here to guide you every step of the way. Whether you’re looking for affordable housing options, assistance with applications, or advice on which program best suits your needs, we provide the resources and support you need. Reach out to us today to learn more about subsidized housing opportunities and start your journey toward a more secure and comfortable living situation.
contact The Senior Source today to learn about subsidized housing options and get the expert assistance you need to find the perfect solution for your living situation.
**Note: Please contact your local housing authority for updates on public housing and Section 8. These two programs generally have very long waiting lists. Occasionally, the housing authority will open up the waiting list for new applicants. See page 10 for a list of housing authorities.
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