Housing Affordability Resources for Seniors

At the height of the pandemic, moves to senior communities were put on hold except in certain circumstances. Now that transmission rates are down, lives are moving forward. However, people are still experiencing some uncertainty as they try to get back to normal. Lifestage has assembled some resources to help provide a little peace of mind as we emerge from the pandemic.
 
Living Arrangements and Affordability
 
Seniors have a number of living arrangement options these days, and many involve apartment-style living and cohabitation. Learn more about what’s available to you so you can make an informed choice.
 

• Seniors can look to traditional housing options, like assisted living communities, or they can join a village of like-minded peers.
• Finding a roommate is a possibility worth considering.
• There are several ways to cover the cost of senior care.
• Renters should know that eviction protections vary state-by-state. You may live in an area still under an eviction moratorium. Stay up to date here.
• If you live in a state still under eviction moratorium and are unable to pay rent, here are sample letters to let your landlord know.
• The CARES Act covered all federally financed rental properties, or ¼ of all rental properties, including FHA, Fannie Mae, and Freddie Mack.
• Additional assistance with paying rent.
• Some renters have been able to use the pandemic to negotiate the rent down.

 
Help With Other Expenses

• Make sure you plan ahead and know what your insurance does and doesn’t cover.
• The United Way does not provide financial assistance to individuals, but they work with many organizations who do. The 211 helpline has been set up to put you in touch with someone who may be able to help.
• Lifeline is a federal program to help with phone bills, medical bills, and other expenses. You may be eligible.
• If COVID-19 left you in debt and you need to negotiate with lenders, here are some tips about how to move forward.

 
COVID-19 caused tremendous disruption of life. We’ve emerged from lockdown, vaccines are widely available, and communities are safer. If COVID-19 left you uncertain about senior living arrangements or unable to pay the bills, you certainly weren’t alone. As we recover together, know that help is available and better terms can be negotiated with lenders.
 
Lifestage is a senior advisory agency with over 100 years combined experience in various aspects of the healthcare industry. We specialize in making a personalized match with retirement communities at all levels of care from independent living to memory care. This senior care referral service​ is offered at NO-COST to the family, so get in touch today.
 
Guest Article by Harry Cline newcaregiver.org/
The New Caregiver’s Comprehensive Resource: Advice, Tips, and Solutions from Around the Web

​Photo Credit: Pexels
​