Elderly Housing Management, Inc. and Community Housing Management, Inc. currently manages over 2,000 units of non-profit housing for elders and families in over 50 separate housing community locations throughout Connecticut and a small number in Massachusetts.
 
All facilities are non-profit owned, which means that all proceeds from rent go to pay for operating costs, reinvested in the facility in the form of improvements, or enhanced programs.  Many of our managed facilities have resident programs and/or service coordination.  All of our managed facilities are staffed with well trained, energetic, and committed staff.    
 
There are numerous state and federal housing programs.  Each facility participates in different funding and subsidy programs.  As such, criteria for residency are facility specific.  Programs generally require full disclosure of income and assets upon residency and at least annually thereafter.  
 
The following are examples of programs you will find in our managed facilities:
 
HUD 202/8, and PRAC - These facilities have a project-based Section 8 contract which subsidizes individual resident's rent to approximately 30% of adjusted income.  
 
HUD 202 - Rents are determined by the actual operating cost of the facility. Favorable financing provides for below market rent, however these facilities do not have a project-based contract that directly subsidizes a resident's rent.
 
HUD 236/CHFA Financed - These facilities are financed at favorable market interest rates which provide for a below market rental structure.  Depending on the facility, some of the units may offer rent at approximatley 30% of adjusted income.  
 
DECD Congregate - These facilities provide a supportive living environment which includes at least one meal a day, light housekeeping, 24 hour staffing, and transportation services.  These facilities are not nursing or group homes, but rather provide an opportunity for independent living with scalable services.  Residency is limited to individuals needing assistance with one or more activities of daily living.  Rent and congregate care services are subsidized.  
 
DECD Elderly - Rents are determined by the actual operating cost of the facility.  Depending on the facility, some of the units may offer rent at approximately 30% of adjusted income.  
 
Limited Equity Elderly Cooperative (Co-op) - These facilities are owner-occupied and re-sales are facilitated by individual owners.  Similar to a condo, co-op's operating expenses are collected as common fees.  The cost of the purchase is predetermined by a calculation of equity which limits the sales price which keeps it affordable.