Affordable Comfort at American House
With a combination of everyday affordable pricing, special discount programs and available government financing options, American House provides superior senior living that works for nearly any budget.
At American House, we understand that senior living financing options can be complex and confusing. That is why we invite you to contact the Executive Director at any Location that may work for you. These knowledgeable, caring professionals can help you understand and evaluate your family’s best affordability opportunities and choices.
In the meantime, here is a brief overview of some of the special affordability programs for which you may be eligible at an American House location:
Programs for Veterans are sponsored by the federal Veterans Administration, and provide compensation benefits and pension-related options to eligible United States Veterans. You can visit www.va.gov or call 1-800-827-1000 for more information. And don’t forget to talk to an American House Executive Director to better evaluate how Veterans programs can apply to your American House community costs.
At most American House locations two single adults can share a double companionship suite to reduce the overall costs to each individual. This is one of the most affordable senior living options and an opportunity for emotional support and companionship. Please contact an American House Executive Director at the Location of your choice for more information.
This federally funded HUD program has federal income guidelines and provides eligible recipients monthly financial assistance with a portion of their rent. This portable rent subsidy is offered through the Michigan State Housing Development Authority (MSHDA) office or a local housing commission. Availability of this program may vary. In addition to speaking with an American House Executive Director, you can visit www.michigan.gov/mshda or call your local MSHDA office for more information or to apply.
The Low Income Housing Tax Credit (LIHTC) program offers reduced rental rates (a rent subsidy) for income-qualified residents. A certain number of units in several of our American House locations are designated for the low income housing tax credit with rental rates at nearly half the market rate. These units are in high demand and availability is low, but please call American House for more information.
The following American House locations offer these units:
American House Hazel Park, American House Lakeside, American House Milford, American House North, American House Oakland, Baldwin House, American House Grand Rapids, American House Lloyd’s Bayou, American House Troy, American House Riverview, American House Southland.
Low Income Housing Options
Availability of this program may vary. For more information, visit www.aaa1b.com or www.aaa1c.org for Wayne county residents. To apply, contact the Area Agency on Aging 1B at 1-800-803-7174 or the Family Independence Agency in your area.
An American House Executive Director can also discuss this option with you. Contact any Location that may interest you and inquire about this option.
Elderlife Financial Services
An Elderlife Line of Credit* is an easy way to finance senior living. Families who need to bridge the time it takes to sell a home, liquidate a portfolio, or receive veteran benefits while a loved one makes the move in to one of our communities can benefit from an Elderlife Line of Credit.
This program is an easy, fast way to finance senior living with same day decision and funding within 48 hours in most cases. Contact Elderlife Financial Services via phone at 1-(888)-228-4500 or on the web at www.elderlifefinancial.com and let them know you are calling about an American House community. They will be glad to show you how you can move in today by simply making low, affordable interest-only payments (with principal due at maturity) while you take the time you need to help your loved one with their financial affairs.
*Please Note: The Elderlife Line of Credit is available to anyone seeking financing to pay for senior or assisted living costs, regardless of age and is subject to bank/credit approval. M&I Bank FSB is the Creditor for the Elderlife Line of Credit program. For more details on any of these programs, please contact your local community or call our financial service providers directly and they will be glad to be of assistance. Provider neither endorses nor requires the exclusive use of the above mentioned service providers. Families are encouraged to research all options available to them and to discuss such options with their financial and legal advisors prior to making any decisions.