The Department of Housing and Urban Development (HUD) is soliciting applications to help fund housing developments for people who are over 62 years old or disabled, and for assisted living facilities. HUD will provide up to $511m in the form of interest-free capital advances and rent subsidies to non-profit groups to produce affordable rental housing with support services for very low-income adults 62 years old or older, as well as for disabled individuals. The support services allow people with disabilities to live independently, but in an environment that provides access to social services. “These capital advances will help thousands of our very low-income elderly and persons with disabilities to find good housing they can afford,” HUD secretary Shaun Donovan said. “Senior citizens and persons living with a disability should never have to worry about being able to find a decent place to live.” HUD defines very low income as having a household income 50% below the area median, adjusted for family size. The money will be spent to construct, acquire or rehabilitate multifamily housing for these purposes, as well as provide rent subsidies so that the tenants are only required to pay rent equal to 30% of their income. An additional $20m is available in a second program to convert multifamily apartment complexes into assisted living facilities for low-income assisted living facilities for low-income adults 62 years or older. Assisted living facilities provide housing with services to help residents with daily activities as well as home management activities. Write to Austin Kilgore.
Most Popular Articles
HUD tests a new Operation Breakthrough for today’s housing crisis
“Gallia est omnis divisa in partes tres.” All Gaul is divided into three parts. Julius Caesar used those words more than 2,000 years ago to begin an account of military conquest. America’s housing affordability challenge might be described similarly. Like Gaul of yore, it divides into three parts: talk, action, and outcomes. Identifying the three […]
Jun 23, 2026
-
Why we can’t get more housing construction in the US
Jun 24, 2026 -
Fannie Mae to expand title pilot program, Pulte says
Jun 24, 2026 -
Housing demand holds steady as regional inventory trends reshape the market
Jun 25, 2026 -
Young buyers are priced out in most U.S. metros, Pew data shows
Jun 25, 2026 -
Mortgage performance steady in May as calendar drives delinquency bump
Jun 26, 2026
Latest Articles
Ryan Ponsford on cementing reverse mortgage partnerships with financial advisers
Ponsford told HousingWire’s Reverse Mortgage Daily that his makeover as a reverse mortgage advocate in financial planning began years ago when he connected with friends at American Advisors Group prior to its acquisition by Finance of America.
-
The rate obsession is fading. Here’s what’s replacing it
-
How the housing market survived the Iran conflict
-
VA loan fee hike proposal advances in Congress, drawing industry pushback
-
Homebuilding scale emerges as a fiduciary priority for boards
-
Decade-long accessibility push earns Seattle agent fair housing honor