The report highlights the urgent need for affordable housing for older adults, driven by the increasing population of those aged 65 and over.  Housing costs are a significant burden, with nearly 11.2 million older adults spending more than 30% of their income on housing.  Government programs provide crucial assistance, but demand far exceeds supply, leading to long waitlists. Innovative solutions include zoning reforms, housing financing incentives, and leveraging home equity to cover care costs. Current affordable housing for older adults are typically financed through Low-Income Housing Tax Credits and the Section 202 Supportive Housing for the Elderly Program.  Coordination of services in neighborhoods with high concentrations of older residents can also improve efficiency and support.

https://www.jchs.harvard.edu/housing-americas-older-adults-2023