Section 202 Supportive Housing for the Elderly Program
Program Description
Looking for housing options for yourself, an aging parent, grand parent, relative, or friend? HUD has launched several financial assistance to help senior citizens find safe and affordable housing.
HUD Programs are designed to assist prospective applicants with locating units in HUD insured and HUD subsidized multifamily properties that serve the elderly and/or persons with disabilities.
Section 202 program for example provides capital advances and contracts for project rental assistance. Capital advances may be used for the construction or rehabilitation of a structure, or acquisition of a structure with or without rehabilitation. Repayment of the capital advance is not required as long as the housing remains available for occupancy by very low-income elderly persons for at least 40 years.
For more details, Fill in the box above to receive further assistance…
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