Affordable HousingPoor Middle Class Affordable Housing is hard to find. But it is a top financial survival toolkit priority. Without it, poor middle class people can fall into the following crises:
• unable to pay bills
• end up in debt
• go hungry nutritionally by eat mostly cheap, unhealthy food
• become homeless
• unable to get proper medical care
• suffer from all of the above
What Is Affordable Housing?According to Wikipedia, affordable housing is:
Finding Affordable HousingOur search for poor middle class affordable housing was a nightmare. In fact, it was the hardest part of our financial survival journey. This is because of the following aspects of it:
• the amount of paperwork involved
• a time-consuming application process
• the bureaucratic qualification procedure
• pressure due to our tight deadline
What Is Subsidized Housing?According to Wikipedia, subsidized housing is:
• a government sponsored system of economic assistance programs
• designed to alleviate housing costs and expenses
• meant for people in need
• designed for low to moderate income families, seniors and the disabled
• often called, ‘affordable housing’ in the United States
According to Wikipedia, subsidized housing is:
Subsidized Housing ProgramsThere are several forms of subsidies:
• direct housing subsidies
• non-profit housing
• public housing
• rent supplements
• some forms of co-operative and private sector housing
Those who qualify to apply for subsidized housing must be:
• Families in financial need
• Seniors aged 55 and above
• Disabled people over a certain age
There are two types of management, either government or privately run.
What is Senior Housing?Senior housing is housing available to independent seniors, aged 55 and older. It is usually subsidized. As a result, it is more affordable than market value housing.
Seeking Senior HousingThere is a huge amount of research and paperwork involved in applying for senior housing. In fact, it is the worst part of the process for us. Each housing project requires its own application. Because of this, I was very overwhelmed. Just the thought of it stopped me from applying originally. But eventually, relocation became an emergency. We were hard pressed to find an affordable place to live. Because municipal senior housing units had several years waiting lists, we did not know what to do. We were on the verge of homelessness.
Here is our strong recommendation. Don’t let this happen to you. Apply for senior housing years before you think you may need it.
Fortunately, a private senior facility had a vacant unit. Much to our relief, we were accepted within two weeks. But there was one drawback. The only units available were studio apartments. In spite of the size, we grabbed one. As a result, we were set up in our new home within a few weeks. After that, it took another two and a half years to get a one bedroom apartment. When that happened, we felt like we had moved into a palace. In the summertime, we see nothing but tree. It feels like we live in a tree house. It is like heaven.
Section 8 Housing VouchersLarge apartments buildings and multi-family homes accept Section 8 Housing Vouchers. According to Wikipedia:
A New HomeOur subsidized apartment is modest. There is no dishwasher. In addition to that, there is no terrace or yard for growing food. There is nowhere to make a compost heap for food garbage. But best of all, having a roof over our heads is a blessing. In addition, we have made a home here. There is a saying, ‘home is where the heart is’.
The next post, Alternative Living Resources begins exploring unique housing opportunities.
Sources & ResourcesViper Tool Storage Company
Latest Affordable Housing in NYC Thanks to Mayor di Blasio
Section 8 Housing Voucher Program
Deal Aims to Keep a Former Welfare Hotel in Manhattan Affordable
Section 8 Housing Voucher Program
What Is Independent Senior Living?
Affordable Senior Housing Becomes Scarce As Boomers Age
10 Places to Retire and Pay Less Taxes
Senior Living Guide