Designated as affordable rentals for low-income seniors.
The Department of Housing and Urban Development made an agreement with the city of Joliet, Illinois, to preserve and renovate 113 affordable rental homes for low-income seniors. The department’s Office of Multifamily Housing closed a Rental Assistance Demonstration transaction with the Housing Authority of Joliet (HAJ), allocating $142,000 per home, a total of $16.1 million, to renovate each home for senior citizen accessibility needs.
“The RAD conversion supports HAJ’s priority to serve its senior residents, as its most recent needs assessment indicated 11 percent of City of Joliet residents who need affordable housing are aged 62 or older,” the department stated. “While not currently a senior property, as part of the transaction, HAJ has received approval to change the occupancy preference for Stevenson Crossing to seniors.”
As the Lord Leads, Pray with Us…
- For HUD officials as they preserve and restore housing options for seniors.
- For Secretary Marcia Fudge to seek the Lord’s guidance as she leads the housing department.
- For the president and his administration as they look to assist low-income residents with housing needs.
Sources: Department of Housing and Urban Development
