Affordable housing for seniors is hard to come by, especially in this economy. Whether it be assisted living, retirement homes, or apartments, the fact of the matter is that the price of living has increased. Retirees who used to live comfortably with their pensions are now finding that they cannot stretch their dollars the way they used to.
Amagansett has been developing a plan over the past few years, which deals with the issue of affordable living for seniors. The plan is to install 40 low-income apartments for seniors next to St. Michael’s Lutheran Church, in which residents must be over the age of 62 and have an annual income of $30,000 or less. The plan has just received an extra $300,000 in funding due to the belief that this idea is will allow for the resolution of the issue of senior living in the United States. In terms of rent, the residents will follow Section 8 housing, in which it states that no tenant will pay more than 30 of their income for rent.
“This project is a model for the kind of development that we want to encourage across Suffolk County for our senior population,” County Executive Steve Bellone said in the statement. “We must ensure that our seniors have affordable housing options.”