Affordable Senior Housing Scarce as Boomers Age: Report

Affordable Senior Housing Scarce as Boomers Age: Report

With the elderly population rapidly expanding as baby boomers enter retirement age, a task force from the Bipartisan Policy Center is calling on the federal government to spur renewed investment in affordable housing for seniors.

The center’s task force, which was inspired by a 2013 report from the think tank’s housing commission, argued that connections exist between housing and health that will affect the well-being of the country’s senior population. The task force includes former Department of Housing and Urban Development Secretary Henry Cisneros, former HUD Secretary and U.S. Senator Mel Martinez and former U.S. Representatives Allyson Schwartz and Vin Weber.

Among the task force’s recommendations is to expand the Low-Income Housing Tax Credit program significantly to finance the production and preservation of affordable rental units. The group also suggested that a new program be created using LIHTCs and project-based rental assistance to support further construction and attract funding from health care programs for services. And it recommended adequate funding for the Section 202 program, which provides rental assistance to elderly individuals…

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