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Senior apartments may refer to senior housing that’s subsidized through the U.S. Department of Housing and Urban Development (HUD). In fact, housing that meets the The Fair Housing Act’s definition of senior housing is protected.
Low-income senior housing is geared to independent seniors and provides an affordable alternative to a retirement community. Housing options vary from apartment buildings to townhouses to single-family homes. Senior citizens, families, and individuals with disabilities may apply for HUD rental assistance programs, including government-owned public housing, privately owned low-rent apartments, and Housing Choice Vouchers (Section 8). Many people depend on these programs. To put a number on it—approximately 1.2 million households live in public housing units—and that’s just one program.
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Financial Planning for Caregivers Last Updated: September 9, 2019 How can you ensure that both you and the parents or senior loved ones that you are caring for will all continue to live a comfortable life as you age? Often, too many caregivers manage complicated finances alone, but help is out there. We spoke with Greg Smith at Transamerica, who recommends that caregivers […]more