Princeton Towers
- Fair Housing & Equal
Opportunity Provider
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What is Section 8 (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 is better suited for their needs. 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
- On Site Mail Delivery
- Smoke Detectors
- 1 or more Accessible Units
- Facilities/Residences are Non-Smoking
- Elevators on Multi-Floor Facilities
Rent Based on Income
If a community bases its rents on the resident's income then the rent will be different for each apartment, typically about 30% of the monthly income. So, for example, if a renter's adjusted income is $1200 per month, rent would be around $300 - $400 per month.
If rent is not based on the resident's income then the rent is a fixed amount for each apartment. For most communities that do not base their rent on the resident's income but still participate in federal programs, the rent set will be far below the standard area rent prices.
Many of these communities will require that the resident not make over a certain amount in order to qualify.
Section 8 Housing Choice Voucher
The Housing Choice Voucher (HCV) program is a federally funded rental assistance program that helps low income families by paying a portion of the family’s rental fee. The tenant is only required to pay a set amount every month to the landlord, typically that amount is about 30% of their household income. The rent, however, is usually substantially higher than 30% of the tenant’s income. The HCV voucher then pays the rest of the rent amount to the landlord directly.
How To Apply
It is not uncommon to not hear back from Affordable Housing 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.
Application Tips
- You may need to apply at each community separately, even if they are owned or managed by the same company.
- 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.