Whether you are looking for low-income senior housing for yourself or for a friend or family member, the search can be daunting. Finding a safe and comfortable place to live is challenging on a small income, and this can be even more difficult for the elderly. Luckily, there are resources to help anyone who qualifies find and secure low-income housing for seniors. Here are three tips to help you in your search:
1. Look Into Government Subsidies
The federal government offers certain subsidies for low-income individuals, including seniors, to help cover the cost of housing. These subsidies are sometimes paid directly to a landlord by the government, and in other cases are provided to you in the form of a rent voucher.
A great place to start your search for low-income rental subsidies is the U.S. Department of Housing and Urban Development's website. In addition to information on rent subsidies, this site provides information on finding affordable apartments or public housing in your area.
2. See If Your Insurance Covers Assisted Living
You may be surprised to learn that many health insurance plans for seniors provide coverage for assisted living facilities. These facilities allow you to have a comfortable apartment in a center designed specifically for seniors. The main benefit of choosing an assisted living apartment is that you will have on-site medical assistance whenever you need it.
In addition, assisted living facilities often offer opportunities for social connections, hobbies, classes, fitness, and more. Even if your health insurance doesn't completely cover the cost of assisted living, it may cover enough to allow you to afford it.
3. Consider Buying an Apartment
Finally, keep in mind that a low income isn't necessarily an obstacle to owning your own apartment or home. Many states offer assistance programs for low-income home buyers. These programs often allow you to buy a home with a minimal down payment and ensure that your mortgage is affordable as well.
A good place to start is to meet with a local real estate agent who specializes in helping low-income clients secure housing. They will be able to walk you through your various options and help you begin the mortgage application process.
While the search for low-income housing for seniors can feel overwhelming, these tips are a great place to start. By making use of these resources, you or your senior loved one will soon be able to find housing.