The Office of Housing plays a pivotal role for the nation's homebuyers, homeowners, renters, and communities through its nationally administered programs.
The Section 202 Supportive Housing for the Elderly program aims to provide Capital Advance funding for the creation of supportive rental housing for Very-Low-Income individuals aged 62 years or older. The program includes project rental subsidies in the form of a Project Rental Assistance Contract (PRAC) to ensure sustained affordability. It seeks to enable elderly persons to live independently while having access to voluntary support services such as nutritional programs, transportation, continuing education, and health-related services. This program also focuses on the development of intergenerational housing to aid elderly caregivers who are raising children, emphasizing the creation of living spaces that support family units across generations.