We can answer any questions you have about rental assistance for seniors and determine your eligibility.
Realizing that it is time to move from your home to an independent living community can be both exciting and overwhelming. However, it is a step that can offer more freedom and a sense of security that might be missing if you are living on your own.
Still, one of the biggest questions many seniors have about the move is affordability. The good news is that if you are in or around the Springfield, Illinois area, our community at Capitol Retirement Village is a HUD facility, offering rental assistance for seniors who need it most.
To calculate eligibility for rental assistance for seniors, income must be below 50% of the median income in the area. From there, rent is 30% of the senior’s annual adjusted gross income. This number is determined by adding income plus imputed income from assets and subtracting qualified medical expenses. We offer further assistance by paying for certain utilities, such as water, trash, sewer, and gas.
As an independent living community, we also offer a wide range of amenities and activities to ensure our residents can connect with each other. You will also find that our apartments are well-maintained with open floor plans, safety features, and individually controlled air conditioning and heating.
It is also worth noting that we have a full-time service coordinator on staff and a night manager who can respond to after-hours emergencies. Plus, we are the only independent low-income senior housing facility in our area that is locally managed.
Ready to learn more about rental assistance for seniors? Give us a call today.