A Worcester elder law attorney helps seniors to prepare for their future. One of the important things that an attorney can assist seniors with involves making sure they have enough money to live on comfortably and making certain they have a safe living environment as they get older. Unfortunately, housing can be expensive in Massachusetts and seniors can find themselves in a bad situation if they cannot afford the costs of a home or apartment in the state.
Just recently, Worcester Patch published some good news for seniors who worry about their options for affordable housing. Worcester patch indicated that new affordable housing projects are underway in the state of Massachusetts. Many of these projects will involve the construction of housing units that are specifically set aside for seniors.
Looking into affordable housing and other benefits can help you as you cope with the costs of aging and as you struggle to live on retirement income that may be limited. The Law Offices of James A. Miller, P.C. can provide you with guidance on ways to make sure your retirement funds last throughout your lifetime. If you work with our legal team when you are younger, we can also help you to find ways that you can save enough to enjoy financial security during your retirement. Give us a call at 866-370-3888 or contact us online to find out more.
Worcester Affordable Housing Projects Will Provide Homes for Seniors
According to Worcester Patch, $90 million is being spent to build affordable housing projects within the state of Massachusetts. The funding comes from the Department of Housing and Community Development, which offers state and federal housing tax credits for the construction of low income housing. These tax credits are expected to provide developers with around $218 million in equity. Federal HOME funds and state capital funds will also be provided in the amount of around $59 million These funds will be distributed by the Massachusetts’ governor’s office.
The projects that are being constructed are part of an effort to help take control over rising costs of housing that are making it difficult for people, and especially seniors, to find a place where they can live. Governor Charlie Baker indicated that the $90 million in funding is a “means of making the state more inclusive and supporting residents most vulnerable in the face of towering rents and mortgages.”
There are a total of 26 different housing locations that will be constructed to provide housing options for low-income seniors, homeless families, and working families who have a hard time making mortgage or rent payments. One of the housing locations is a historic rehabilitation process located at 48 Boylston Street in Worcester.
Another project is being constructed in Belchertown and is called Christopher Heights. It is an assisted living project that will be set on the former site of Belchertown State School. The project is going to include a total of 83 rental units in a facility that provides helpful services for seniors who are frail or who need support. Of the 83 rental units, a total of 43 will be classified as “affordable,” and a total of 17 units will be exclusively reserved for seniors who earn less than 30 percent of the area median income (AMI).
Another senior housing project is being constructed in Brighton, at 132 Chestnut Hill Avenue. This project is sponsored by Jewish Community Housing for the Elderly and will provide housing for 61 seniors. All of these seniors will be required to have incomes below 60 percent of AMI. A total of 22 units are specifically being set aside for seniors who have incomes below 30 percent of area median income.
There are numerous other projects that are planned as well, all of which have reserved units in order to make certain that those units are occupied by people who might otherwise struggle to afford to pay for housing.
Getting Help from A Worcester Elder Law Attorney
The Law Offices of James A. Miller, P.C. has helped many clients to save for a financially secure retirement so they do not have to worry about finding affordable housing on a low income. We can also help you if you are already in your retirement years and you need help making money last or exploring benefits available to you.
To find out more about planning for your retirement or about making smart financial choices as a senior, join us for a free seminar. You can also give us a call at 866-370-3888 or contact us online to speak with a Worcester elder law attorney who can help you.
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