Privately owned subsidized housing is a housing option developed and owned by private companies, usually with public funding. Similar to public housing, the U.S. Department of Housing and Urban Development (HUD) subsidizes an apartment by paying for a portion of the monthly rent to the landlord on the behalf of the tenant.
These housing sites are geared toward tenants with low incomes including older adults and people with disabilities. There are several HUD-funded programs for specific groups of people of varying age and income levels including senior housing complexes.
The eligibility criteria are determined by HUD and are dependent on the specific program. These units are typically rented to individuals aged 62 and older or who are certified as being disabled.
Services and Fees
Rent in public housing is based on income with tenants paying about 30% of their gross family income in rent.
Many subsidized housing developments will provide resident service coordinators to assist residents with social service needs and may offer social and recreational opportunities. Some developments may have a congregate meal onsite. Personal care assistance is not provided, but residents can accessin-home care.
Financial Options for Private Subsidized Housing
Rental Assistance Program: This is a state-funded program that helps families with low-incomes afford safe housing in the private market. Eligible participants who receive RAP certificates are free to choose their own rental housing.
Private Pay: Private pay refers to using personal funds to cover all or a portion of an expense. There are different ways to acquire private pay resources.
Renters' Rebate: This program provides a reimbursement for eligible Connecticut renters who are elderly or living with a disability.