About ACORN TRACE APARTMENTS:
What is Section 202 Housing for the Elderly?
Section 202 senior apartments are for low or very low income seniors over the age of 62. Many, but not all communities, have a Service Coordinator that will help the senior find needed resources and apply for any senior programs that they may be eligible for. For the most part, these communities tend to be near public transportation, medical, and shopping centers. For more information about HUD's Section 202 program please see Senioridy's Section 202 Fact Sheet.
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.