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URL:  http://boards.fool.com/people-should-also-be-aware-of-hud-housing-my-30295270.aspx

Subject:  Re: CCRC Date:  10/2/2012  1:32 PM
Author:  pauleckler Number:  17866 of 19219

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.
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