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State HFAs and their partners provide affordable housing for elderly persons through the Section 202 Supportive Housing for the Elderly program, the Section 8 program, and other affordable housing programs.

Under the Section 202 program, HUD provides capital advances to finance the construction, rehabilitation, or acquisition with or without rehabilitation of structures that will serve as supportive housing for very low-income elderly persons, including the frail elderly, and provides rent subsidies for the projects to help make them affordable. In addition, HFAs provide home equity conversion mortgages (HECM), an FHA-insured reverse mortgage, allowing seniors (62 and over) to access the equity in their home.

Useful Link: HUD's Section 202 Supportive Housing for the Elderly Program Webpage

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Elderly Housing - Resources

  • March 7, 2013
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    These documents and links provide implementation information on the FY 2013 sequestration.

  • September 17, 2012

    NCSHA along with other members of the Campaign for Housing and Community Development Funding (CHCDF) calculated the estimated impacts of sequestration on HUD programs. The calculations use FY 2012 funding levels and assume an 8.4 percent across-the-board cut. CHCDF is a coalition of diverse organizations concerned with the housing needs of low- and moderate-income households and the community development needs of our nation.