President Obama recently released the proposed FY 2014 budget, including that of the Department of Housing and Urban Development. The proposed budget requests a total of $400 million for the Housing for the Elderly and Housing for Persons with Disabilities programs. Specifically, the budget provides $310 million to renew and amend operating subsidy contracts for existing housing, $70 million for service coordinators, and $20 million to support a demonstration program to test and implement housing with services models for seniors. This funding level will support all 150,000 existing units in these programs, but limits new construction to $40 million for additional supportive housing units.
The budget lays out that the purpose of the demonstration is to research the intersection between supportive housing and health care costs, and help identify what works best in allowing seniors to age-in-place. It would provide operating assistance to an estimated 3,400 new units and may be administrated by a state partners between housing and health care agencies.
The full budget is available by clicking here.
