After retiring, many seniors live on a fixed income, which can make it difficult to make ends meet. Other seniors who own houses may opt to sell them so they no longer have to maintain them, and move into a retirement community. There are many options for housing for retirees, whether they are living on a fixed income or living on their retirement savings plan.
Income Based Housing
For seniors who are living on a fixed income such as social security, they may be able to rent an apartment based on their income. The U.S. Department of Housing and Urban Development, or HUD, provides subsidized housing for families and seniors based on their income.
These apartments for retirement living in Sandy, OR are for seniors who are at least 55 years old. At most, these apartments will rent for about 30% of a seniors’ total income.
Retirement Communities
For seniors who may be living on their retirement plans, there are several choices for retirement living. They can live in a retirement community in which they can purchase meals instead of cooking for themselves. They will also be able to enjoy scheduled activities, meet their neighbors for a cup of coffee in an onsite café, or take classes to broaden their knowledge.
Continuing Care Retirement Communities
A Continuing Care Retirement Community, or CCRC, is for seniors who are in good health, but who may have a medical condition that is expected to worsen. They can move into a regular apartment and, as their health deteriorates, they can transition into an assisted living facility or nursing home which are on the same campus. Oasis Senior Advisors – East Portland can help you find an appropriate facility in your area.
No matter your financial status, there are retirement living options that fit your needs. You can also like them on Facebook for more information.
