Housing assistance · federal
HUD Section 202 Supportive Housing for the Elderly
U.S. Department of Housing and Urban Development
Section 202 Supportive Housing for the Elderly provides capital advances to nonprofit sponsors to develop rental housing with supportive services for very low-income people age 62+, paired with project-based rental assistance contracts that hold tenant rents at 30% of adjusted income. Tenants typically must be 62+ with household income at or below 50% of area median income. Section 202 buildings often coordinate light supportive services (meals, transportation, case management) and are commonly co-financed with LIHTC. The program description URL now redirects to the HUD Multifamily Programs hub.
Source www.hud.gov/program_offices/housing/mfh/progdesc/eld202