Seniors that are living on a limited budget often struggle to find affordable housing. Fortunately, the government offers a variety of different programs that seniors can take advantage of. These programs make it possible for seniors to find senior living communities and public housing they can afford.
Types of Government Assisted Housing Available to SeniorsSeniors that want to retain their independence, but need help paying for housing, may want to apply for housing assistance. The U.S. Department of Housing and Urban Development, or HUD, helps low income individuals afford housing through their Housing Choice Vouchers program.
To apply for Housing Choice Vouchers, seniors will need to contact their local housing authority. To qualify for this assistance, a person's income must be 80% or less than the median income in their area. To help seniors qualify for this program, HUD allows seniors to deduct $400 from their income for every senior citizen in the household. HUD also allows for several medical deductions. To correctly determine deductions, seniors may want to schedule an appointment with a representative of the housing authority.
If a senior qualifies for Housing Choice Vouchers, they will only be expected to put 30% of their income towards their rent each month. If a senior lives in a home or apartment that costs more than 30% of their income, they will receive a voucher for the additional amount. For example, if a senior receives $1,000 a month, they will be expected to pay $300 a month in rent. If their rent is $500 a month, the program will pay the additional $200. This helps seniors afford their living expenses, even on a limited income.
When receiving Housing Choice Vouchers, seniors can choose to live in any apartment that accepts these vouchers. Many senior living communities also accept these vouchers. These communities are great for seniors who want to live around other seniors, but still maintain their independence.
Seniors that qualify for Medicare benefits may also be able to move into an assisted living facility. These facilities specialize in caring for seniors that need regular medical care or may need extra assistance with daily activities. For more information on programs that seniors may qualify for, seniors may want to begin by contacting the public housing authority in their area.