Affordable Housing Online is monitoring the federal government's response to the coronavirus disease (COVID-19) outbreak. As of March 13, 2020, Public Housing Agencies across the nation are closing their doors to the public. Most offices are still running and will communicate by phone, email, or mail. Some offices have drop boxes installed outside, so documents can still be hand-delivered. Visit the housing authority's website for the latest on its current operations, if one is available. If there is no information online, contact the housing authority directly. Due to a high volume of calls and modified office hours in most areas, expect a long wait time (days or weeks) for a response. To find your local PHA's contact info, browse by state here.
Also called a "reverse mortgage," it is used y senior homeowners 62 years or older to convert the equity in their home into monthly streams of income and/or a line of credit. The loan is repaid when they no longer occupy the home. The loan is made by a mortgage lender, bank, credit union or savings & loan and is insured by the Federal Housing Administration (FHA)