being renters instead of owners. This just makes things much worse for older Americans. They tend to be living on a fixed income and rents are constantly going up as the years go by. This creates even more problems for seniors who want to keep their apartments but can’t afford the ...
Senior citizens are eligible for an extra "elderly" deduction or allowance under Department of Housing and Urban Development rules when they rent HUD-subsidized apartments. The deduction applies if either the head of the household, or the spouse thereof, is 62 or older. It changes the subsidy l...
Subsidized senior apartments rent to low-income seniors. The rent for these apartments is less than the average rent. Income limits for subsidized senior housing can differ depending on the area in which you are applying for housing assistance. It's not uncommon to qualify for public housing in...