The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retired Fools


Subject:  Re: CCRC Date:  10/2/2012  1:32 PM
Author:  pauleckler Number:  17866 of 20599

People should also be aware of HUD housing. My mom's place was 2/3 HUD housing and 1/3 market pricing independent living.

HUD apartments were one room efficiencies with only a hot plate and refrigerator rather than a kitchen. But HUD rates are based on income. Whereas one bedroom market rates were paying abt $1800/mo at that time HUD people were paying about $500/mo.

So those living on Social Security can afford to live in independent living with HUD. But they had a waiting list for HUD apartments. I think they used the market rate apartments to keep HUD units full.

This is a little known alternative.

As for additional care, as skilled nursing, HUD residents probably depend on Medicare recovery when they are hospitalized or ultimately on Medicaid.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us