If you are an older adult who needs to find affordable housing, you might have several options available. one option that you might be qualified for is HUD low-income senior citizen housing. The U.S. Department of Housing and Urban Development offers 23 different programs for older adults. The professionals at Elder Care Direction can explain the options that you might have and those for which you might meet the qualifications.
Maximum income and family size
Your local housing authority will have a table that shows the median income for your city’s metro fair market rental area for HUD housing. These are determined for diverse populations. Families that have more members have higher income caps to qualify for HUD low-income housing. Elderly people are also able to receive subsidies for rental properties if they meet the guidelines.
Vouchers and public housing
Your local HUD agency works with local programs that offer housing for elderly people and families. These facilities normally have their own waiting lists and accept applications from potential residents. Some of these complexes are designated for older adults. For example, a complex that is designated for people who are ages 62 and older will be limited to residents who are in that age group. A property that is designated for people who are ages 55 and older will be limited to adults who are ages 55 and older. Facilities that are limited to residents who are 62 and older can only have elderly people live there. Those that are limited to people who are 55 and older must have a minimum of 80 percent of the residents meeting the minimum age requirement. In these types of facilities, elderly adults who care for children or grandchildren may still be eligible.
Older adults may also be eligible to receive Section 8 vouchers. These are housing choice vouchers that allow individuals to pay for rental properties outside of public housing or HUD programs. The vouchers will pay for up to 30 percent of a person’s rent in a rental that has been approved by the voucher program.
Eligibility levels
Public housing programs may differentiate between income levels for eligibility. Some only work with people who have very low incomes that have incomes that are less than 30 percent of the median income in your area. Others work with people who have incomes that are as high as 80 percent of your area’s median income. Your income will determine your eligibility for different housing programs or how much of a subsidy that you might receive.
Countable income
To determine the income threshold for a low-income property, all income sources are counted. This includes such things as disability benefits, Social Security, annuities, pensions, and retirement accounts. If you have family members living with you, their income will also be counted. To learn more about your options, contact the professionals at Elder Care Direction today to schedule a consultation.
