Wanted: Affordable Housing for Seniors

Make Room, a rental advocacy group, has recently issued a study noting that the senior population – ages 65 and older – rose 25 percent from 22.5 million to 28.1 million. More importantly the number of seniors paying more than half of their household income, before taxes, toward rent and utilities increased by an alarming 34 percent.

The study notes that many senior communities throughout the U.S. are at full capacity and some are even maintaining lengthy waiting lists.

Finally the study calls for more assistance in addressing the affordable housing needs of seniors and advocates tripling the $6.5 billion currently being spent on the tax credit program.

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