|LC Classifications||KF27 .B546 1982|
|The Physical Object|
|Pagination||iii, 75 p. ;|
|Number of Pages||75|
|LC Control Number||82602525|
The Section History and Regulatory Context module reviews the history of the Section program and the various ways it has supported the development of affordable elderly housing since its includes information on regulations governing refinancing and subordination; and provides direction about how to value your asset when considering development, rehabilitation, or sale. The Section Supportive Housing for the Elderly program provides subsidized affordable apartment communities for elderly persons. These communities are owned by private management companies or an individual private owner. Program participants pay 30% of their net income for rent. You apply for a Section apartment by submitting an application to the property’s management company or. Section senior housing vouchers and subsidized rent assistance. Senior citizens and the elderly can receive subsidized rental assistance and placement into low income housing from the Section voucher program. It is available for individuals that are independent and it can also help seniors that need a supportive living environment. SECTION SUPPORTIVE HOUSING FOR THE ELDERLY Alabama Section - Supportive Housing for the Elderly Project Location: Dothan, AL Non-Profit Sponsor: Bnai Brith Housing Inc Co-Sponsor: Wiregrass Foundation Capital Advance: $4,, Three-year rental subsidy: $, Number of units:
Section housing is a program funded by the U.S. Department of Housing and Urban Development (HUD) in efforts to provide rent assistance and housing placement for low-income seniors. Depending on their health conditions, seniors are provided with housing options that allow them to live independently or with daily support services. 80 or older. For elderly persons admitted to Section housing that year, the median age was 70 years, and about 19 percent of all persons admitted to Section housing were age 80 or older. Residents of Section projects in had a median tenure of 4 years. Eighteen percent of all households had lived in the project for more than ten. The Section program produces good quality housing that is rated highly by its residents. They are predominantly elderly women living alone with incomes between $5, and $15, Currently, demand for Section housing far exceeds supply. The HUD Section and Section programs provide critical affordable housing to our nation’s elderly and persons who experience disabilities. The Section and Section programs became distinct programs in ; before that time, the Section program served both populations. The Section program funds development of affordable housing for elderly households.
The federal Section Supportive Housing for the Elderly program provides housing with supportive services and rental assistance for low income elderly, including elderly with disabilities (buildings funded before may accept disabled adults 18+ years of age). Prior to , the program did not include funding for services, so Section Supportive Housing for the Elderly (Section ) January The U.S. Department of Housing and Urban Development’s Supportive Housing for the Elderly program is often referred to as Section Before a legislative change in , Section funding was available to developers of housing for both elderly and disabled low-income households. Established in the Housing Act of , Section Supportive Housing for the Elderly, is a Housing and Urban Development (HUD) program that provides capital advances to private, nonprofit sponsors to finance the development of housing for elderly residents. In FY , Congress appropriated $ million for Section construction and. If you answered yes to these questions, then Section housing might be what you need. Section is the federal housing program for low-income seniors. Applying for Section housing is a process. It is a process that you should begin sooner rather than later. While it will require effort and be time consuming, most would agree that.