Low Income Senior Living

We are all told that we need to work hard while we can so that when retirement comes, we can sit back and enjoy. But what happens if the income we are making in our retired years is significantly less than what we made while working? Basic necessities like rent or mortgage, food and utilities are taking up much of the fixed income you are now living on and the high cost of these items leaves very little excess for enjoying your retirement. Luckily, senior citizens have options for low income dwellings that can ease the strain on your wallet and allow some additional discretionary funds to become available that can be used for fun and exciting new adventures.

What is low-income housing?

The federal government of the United States offers assistance for those individuals whose income falls below the national poverty line. This includes seniors and retirees living on social security. These apartments offer a rent lower than is typically paid in the local area and is determined by the government housing and urban development department (HUD). In order to live in one of these low-income homes, one must be able to prove that their income is below the poverty line. And there are specific dwellings that are conducive to senior living. These buildings will contain things to help the elderly be more self-sufficient such as elevators, and in some cases, on hand medical staff.

What options are available to me?

If you are in need of low-income housing as a senior citizen, it is best to begin with HUD. Reaching out to your local HUD office can provide you with a list of low-income residencies in the area and which would best suit your specific and unique situation. Some of these residences have a waiting list and going through a HUD office can get your name on the list and provide you with a contact to reach out to if you have questions regarding your application for housing assistance.

There are also options for find low income senior living opportunities via the private sector. Assisted living facilities may be an option for those seniors that have an ongoing medical condition or mobility issues. These facilities can be private, or state funded and would have 24-hour medical staff on hand. There are also cooperative housing options. In these homes, the residents participate in chores that involve the upkeep and administration of the building on a regular basis. This would be a requirement for living in this type of community. It helps to reduce the overall cost of living thus making it an affordable option for seniors who are still active or want to be part of a community.

After working so hard for most of your life, your retirement should be somewhat free of stress and anxiety when it comes to living expenses. Looking into affordable and low-income housing options will provide an opportunity for a senior to live a fuller life and possibly find a community that you can become an active member of. Just because you are on a fixed income does not mean you have to live like it.