Section 202 Supportive Housing for the Elderly is a bill that has been drafted by the Special Committee on Aging and has recently been approved by the Senate Banking Subcomittee, which means that it is one step closer to being a reality, according to SeniorJournal.com.
The main goal of the bill is to allow low-income seniors to continue living in their homes and will enact a series of substantial changes if passed.
For building owners, it will make it easier to convert previously unmarketable studio apartments into one-bedroom residences and create health and supportive services throughout the housing development.
Perhaps most importantly for seniors and their families, there will be a national clearinghouse made available so there is a way to comprehensively search for affordable and safe housing options.
Currently, there are 300,000 senior citizens living in Section 202 housing, but that number is supposed to jump to 730,000 by 2020, the news source reports.
Seniors who are looking to live safely and independently in their own homes may also want to invest in a personal emergency response system. This device can allow older adults to immediately notify neighbors or a doctor if they are in need of assistance.