Section 202 Housing
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More information about the section 202 program can be found in hud handbooks 4571 3 supportive housing for the elderly and 4571 5 supportive housing.
Section 202 housing. Established in the housing act of 1959 section 202. Program regulations are found 24 cfr part 891. Supportive housing for the elderly is a housing and urban development hud program that provides capital advances to private nonprofit sponsors to finance the development of housing for elderly residents.
Section 202 senior housing vouchers and subsidized rent assistance. It is available for individuals that are independent and it can also help seniors that need a supportive living environment. The section 202 history and regulatory context module reviews the history of the section 202 program and the various ways it has supported the development of affordable elderly housing since its inception it includes information on regulations governing refinancing and subordination.
Senior citizens and the elderly can receive subsidized rental assistance and placement into low income housing from the section 202 voucher program. These properties are owned by private management companies or an individual private owner often nonprofit organizations. Apartments at these properties have rental assistance attached to them so that program participants pay 30.
In fy 2010 congress appropriated 825 million for section 202 construction and. The section 202 supportive housing for the elderly program is authorized by section 202 of the housing act of 1959 12 u s c. The section 202 program provides capital advances and operating subsidies to facilitate the creation of multifamily housing for very low income elderly persons more.
The section 202 supportive housing for the elderly program provides affordable apartment communities for seniors.
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