Demand Grows for Senior Affordable Housing

Over four million people over the age of 65 live in poverty. Only 1.6 million receive rental assistance. However, nearly half of the people receiving Housing Choice Vouchers are seniors. Today’s older adults are more vulnerable financially than earlier generations, because they are less likely to own a home and have fewer children who could be relied on as a source of support. The number of elderly homeless people could double between now and 2030. Meeting the housing needs of older adults requires programs like Medicaid, services to age in place, and more affordable housing through increasing funding for the Section 202 Supportive Housing for Elderly program, the Housing Choice Voucher program, and expanding the Low Income Housing Tax Credit.

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