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Reply to "Does anyone know how senior subsidized housing works? "
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[quote=Anonymous]I have the list of several senior subsidized apartment complexes in the area my mom lives in NY from the HUD website, however, before I fill out the 14-page application for each complex, I want to verify that she qualifies for subsidized housing. From my understanding from the HUD website: "A subsidized housing unit is one in which a tenant pays approximately 30% of their adjusted income on rent and utilities..." How is this calculated? Is it just based on her social security income? $1500 / month. She hasn't had any other income in 20 years. Does it matter if she owns/ is going to sell her house (net proceeds after mortgage will be less than $100k)? Does it matter how much she has in the bank (probably another $100k)? Of course, I have tried calling many different HUD #s locally in her area and the national 800 number and cannot get a live person. If you have BTDT, I'd appreciate any help you can offer. [/quote]
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