Affordable Housing For Seniors
Financial Assistance and Resources
To make affordable housing more attainable, various programs and resources are available to seniors:
- Section 202 Supportive Housing for the Elderly: This program provides capital advances to finance the construction and rehabilitation of housing for seniors. It also offers rental assistance to ensure affordability1.
- Low-Income Housing Tax Credit (LIHTC): This program encourages the development of affordable rental housing by providing tax credits to developers. Seniors can benefit from these developments, which often include units specifically for older adults2.
- State and Local Programs: Many states and municipalities offer additional resources and programs to assist seniors in finding affordable housing. It's beneficial to explore these options by visiting local government websites or housing authorities.