About 5TH AVENUE APARTMENTS:
What is Section 202 Housing for the Elderly?
The Section 202 program helps expand the supply of affordable housing with supportive services for the elderly. It provides very low-income elderly with options that allow them to live independently but in an environment that provides support activities such as cleaning, cooking, transportation, etc. For more information about HUD's Section 202 program please visit the HUD website.
In Order to Qualify
Occupancy in Section 202 housing is open to any very low-income household comprised of at least one person who is at least 62 years old at the time of initial occupancy. Income limits are set according to where you live (State & County). In order to determine if your income qualifies as "Very Low Income" please use HUD's Income Limits.
Affordable Housing Standards:
While each community will have its own special features, all Section 202 Properties will include the following:
- Fire Alarms
- Smoke Detectors
- Facilities/Residences are Non-Smoking
- On Site Mail Delivery
- Elevators on Multi-Floor Facilities
- At Least One Accessible Unit
Rent Based on Income
Rents at this community are based on the resident's income. Typically rent is set at or about 30 - 40% of the resident's adjusted income. So, for example, if a renter's adjusted income is $1200 per month, rent would be around $300 - $400 per month.
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How To Apply
It is not uncommon to not hear back from Affordable Hosuing Providers when leaving messages. Many property managers will float from one property to another and will have several communities that they are responsible for managing. If you are not successful with calling and submitting contact forms, you may find it more beneficial to visit the community in person to speak with the manager directly. If a manager is not available when you go by, try to ask a community resident if they know what days and hours that the manager normally keeps. if you can't go yourself, try to ask a relative or friend to go on your behalf.
- Please keep in mind that most communities will charge an application fee, typically between $25 and $50
- If you apply at several communities you will need to apply at each one separately and pay an application fee for each one separately.
- Application fees usually will need to be in the form of a money order, most communities will not accept cash or checks.
- Application Fees are not refundable
- You will need to speak with the manager at the community to find out what other information you will need to submit in order to apply. Most will require at least:
- Drivers License or state or government issued picture ID
- Copy of your Social Security Card
- Proof of ALL Income
- Bank Statements for ALL Accounts
- 3 Credit References
- 3 Personal References
- You will probably have to sign a release for a credit check and a criminal background check.