AFFORDABLE HOUSING

What is Affordable Senior Housing?

Affordable senior housing provides low-income older adults with reasonably priced apartments, allowing them to live independently while accessing local services and supports. This type of housing ensures that seniors can age in their community with the help of professional service coordinators. The goal is to provide a safe, affordable living environment where seniors can maintain their independence and quality of life.

Key Features of Affordable Senior Housing:

• Reasonably Priced Rent: Housing costs are kept affordable, with residents typically paying no more than 30 percent of their annual income on rent, as defined by the U.S. Department of Housing and Urban Development (HUD).

• Subsidized Apartments: Most affordable senior housing consists of subsidized apartment communities, making it financially accessible for low-income seniors.

• Service Coordinators: About half of HUD-assisted senior housing includes professional service coordinators who connect residents with home and community-based services, providing essential support for aging in place.

• Federal Funding Support: Affordable senior housing is supported by three primary federal funding sources: HUD, the U.S. Department of Agriculture’s Rural Housing Service (USDA RHS), and the Low-Income Housing Tax Credit (LIHTC) program.

Who is Affordable Senior Housing For?

• Low-income older adults seeking a safe, independent living environment with access to essential services and supports.

• Seniors who wish to age in their community without the financial burden of high housing costs.

• Individuals who benefit from the assistance of professional service coordinators to connect with local services and resources.

Benefits of Affordable Senior Housing:

• Financial Accessibility: Ensures that housing remains affordable for low-income seniors, preventing financial strain.

• Independence and Community Integration: Allows seniors to live independently while staying connected to their community.

• Access to Services and Supports: Professional service coordinators help residents access necessary home and community-based services, enhancing their quality of life.

• Stable Living Environment: Provides a safe and stable living environment, contributing to the overall well-being and health of older adults.

The Not-for-Profit Advantage:

Choosing a not-for-profit organization ensures that the primary purpose is to meet community needs, not to generate profit for shareholders. Here are key reasons why our members stand out:

• Community Focus: Any profits generated are reinvested to enhance services.

• Governance: These organizations are governed by volunteer boards committed to serving the community.

• Quality of Care: Not-for-profit providers often exceed regulatory requirements, focusing on personalized care, increased staffing, and higher wages for care staff.

Member Listings:

Below is a list of LeadingAge Texas members offering affordable housing, sorted by city. These members are dedicated to providing top-quality care in a supportive environment.