HUD provides capital advances to finance the construction, rehabilitation or acquisition with or without rehabilitation of structures that will serve as supportive housing for very low-income elderly persons, including the frail elderly, and provides rent subsidies for the projects to help make them affordable.
The Section 202 program helps expand the supply of affordable housing with supportive services for the elderly. It provides very low-income elderly with options that allow them to live independently but in an environment that provides support activities such as cleaning, cooking, transportation, etc. The program is similar to Supportive Housing for Persons with Disabilities (Section 811)
https://www.hud.gov/program_offices/housing/mfh/progdesc/eld202
Other affordable housing resources:
- Affordable Housing Resource Center and Low Income Housing Tax Credit Program (LIHTC): The LIHTC program is an indirect federal subsidy used to offer private developers an incentive to provide more low-income housing: novoco.com/resource-centers/affordable-housing-tax-credits/lihtc-basics/about-lihtc
- Community Development Block Grants: Offers annual grants to communities in the areas of housing, economic expansion, jobs, safe water, sewer, and sanitary housing: www.hud.gov/program_offices/comm_planning/communitydevelopment/programs
- Habitat for Humanity: Builds and repairs affordable housing (offers volunteer opportunities): https://www.habitat.org/
- HOME Investment Partnerships: Provides grants to states and communities to fund affordable housing projects and programs: hud.gov/program_offices/comm_planning/affordablehousing/programs/home/
- HUD Housing Trust Fund: Allocates annual grants to states for building or preserving affordable housing: hudexchange.info/programs/htf/about/
- National Housing Trust fund (HTF) and the National Low Income Housing Coalition (NLIHC): Allocate funds to states for the purposes of “building, rehabilitating, preserving, and operating rental housing for extremely low income people.” nlihc.org/issues/nhtf
- Office of Public and Indian Housing: Provides a list of public housing programs: https://www.hud.gov/program_offices/public_indian_housing/programs/ph/programs
- Self-Help Homeownership Opportunity Program (SHOP): Awards grant funds for national and regional non-profit organizations to buy home sites and develop or improve volunteer-based homeownership programs for low-income individuals and families: https://www.hudexchange.info/programs/shop/
- United States Interagency Council on Homelessness: Coordinates federal response to homelessness by creating a national partnership with local, state, and federal governmental entities and the private sector: https://www.usich.gov/solutions/housing/affordable-housing/