For most seniors, the cost associated with housing is one of the biggest expenses they have to take care of. The expenses usually include a rental payment or a mortgage with utility expenses, repairs, and maintenance. All these expenses have to be managed within the limited scope of their retirement funds, which is not much for most seniors, especially those belonging to the low-income group. Here are the three affordable senior housing options for those with limited financial capability.

Cooperative housing for seniors
In cooperative housing for seniors, there are apartment rentals. The environment is not more open compared to long-term care facilities and nursing homes.

Section 8 HUD housing for seniors
Also known as the Housing Choice Voucher Program, these are government-controlled low-income housing facilities for seniors, low-income individuals and families, and those with a disablity.

Virtual retirement communities
Another well-established form of affordable senior housing is by becoming a member of a local virtual retirement community. These are community-based outreach programs that provide seniors with a number of accessibility services. For example, seniors in a virtual retirement community will have access to convenient transportation, grocery shopping, tree removal services, and even group outing for all the members of the community. To be a part of a virtual retirement community, seniors have to pay an annual fee. The fees are used to provide salaries to employees who offer services and assistance to seniors as part of the community.