Investing in Housing For Seniors

Housing is simply not affordable for many San Franciscans, and for seniors living on fixed incomes, affording rent can be especially challenging and stressful. In 2016, more than half of renters over 65 living in the San Francisco area experienced either moderate or severe housing cost burden, while individuals receiving Supplemental Security Income (SSI) would have to pay about 150% of their SSI income to afford a modest one-bedroom apartment. When housing is so expensive, there’s often little left over to afford food, health care, transportation, and other necessities.