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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19553  
Subject: Re: CCRC Date: 10/2/2012 1:32 PM
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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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