Subsidized Rentals: An Affordable Housing Option

It can take time to find housing that is affordable, but the result can be worth the effort. Rents in these communities vary according to ability to pay, based on gross income, (before taxes or Medicare deductions), and assets. Assets include income from Social Security, wages, pensions, welfare, etc. and interest or dividends from IRAs, Certificates of Deposit, stocks, and bonds. With assets such as stocks and bonds only the interest from the asset is counted as income. Assets such as cars and clothing are not counted. (more…)

Senior Housing Guide is a Division of Housing Sense