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HUD Senior Housing Program Information
If you are a senior citizen and looking for housing, the Department of Housing and Urban Development (HUD) has several housing assistance programs for the elderly.
As you grow older, taking care of your housing situation can become a dilemma. There are so many different options, and a lot depends on if you are still self sufficient, or if you need some assisted care. As you grow older and your family has moved on with their lives, having a large family home may not meet your needs and you might want to move into a smaller house or even an apartment.
Fortunately for you, HUD has recognized the different needs for the elderly and have designed several different senior housing programs to meet your needs. Generally, you will want to continue living in your present home, move to a different house or apartment, live by yourself or need some assistance.
Programs That Help You Stay In Your Own Home
If you want to continue living in your own home, HUD provides you with the ability to live in your own home and even get income of your home equity through a reverse mortgage.
Reverse Mortgages For Seniors - If you want to continue living in your own home and have equity in that home, you might want to consider a reverse mortgage. The reverse mortgage allows you to use the equity in your home to supplement your income.
The Home Equity Conversion Mortgage (HECM) is the only reverse mortgage insured by the U.S. Government through an FHA approved lender.
Consider Moving To An Apartment
If you are interested in living in an apartment or in some cases, a small house, HUD has several different housing assistance programs that can help make that possible.
If you are able to live on your own, the HUD senior housing programs allow you to select your own home and use Housing Choice Vouchers to help pay for part of your rent.
If you prefer to live in government public housing, you can contact your local public housing agency or HUD office to learn what public housing might be available in your area.
Finally, you can also find senior housing in HUD subsidized housing which are usually multifamily housing units. The owners of the housing units are provided a government subsidy to reduce the rent for senior citizens.
What About Assisted Living?
The HUD Senior housing programs are designed for the elderly that are independent and living without assisted care. If you don't have a family member that is living with you and you need assisted care, there are many other government, community, and non-profit organizations that provide many great services to help seniors.
If you are living in your own home, there are programs that provide you with In-Home Help and also provide you with food through the Meals on Wheels programs.
If you are looking to move in to another apartment and need assisted care, there are many Assisted Living Facilities that can meet your specific needs.
If you are looking for housing and need a lot of assistance, there are many wonderful retirement communities that provide assisted living and continued care. Many of the assisted living communities for seniors require that over 80% of the tenants must be over the age of 55. In some senior communities, you must be over the age of 62 to live there.
If you are in need of continual specialized care, you will need to contact your local retirement and nursing homes to make arrangements for long-term care and in most cases care that includes medical assistance.
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