It’s hard to rebound from financial shocks in retirement. Job loss, divorce, a health emergency or a death in the family can strap your resources, deplete your savings and leave you wondering what comes next.
Economic volatility and soaring inflation only add to the stress.
If you’re an older American struggling to afford housing, it’s important to understand your options.
There are federal, state and local programs that help seniors with low incomes pay for housing. You might qualify for rental assistance or subsidized housing at a senior apartment complex.
Knowing where to start is often the hardest part. In this guide, we break down what you need to know about how to find affordable senior housing in your community.
We’ll also cover other ways to save money on housing, including how to negotiate rent with your landlord and when it makes sense to find a roommate.
How to Find Affordable Housing for Low-Income Seniors
If you’re exploring housing options for yourself or someone you love, you should first determine what type of living arrangement you need and what you can afford.
Thankfully, there are apartments and other housing specifically designated for seniors on fixed incomes.
Here’s how to get started.
Speak With Your Local Housing Authority
Contacting your local public housing authority should be your first step in finding affordable senior housing.
This agency can help you apply for either low-rent public housing or a Housing Choice Voucher from the US Department of Housing and Urban Development (HUD).
Only your local agency can tell you whether you qualify for this assistance.
To find your public housing agency:
- Use this directory from HUD to see a list of public housing agencies in your area.
- Select your state to find the contact information for your local agency.
- Or you can call the public housing agency customer service line at 800-955-2232 to get the contact information for your agency.
Your public housing…