5 Ways Retirees Can Upgrade Their Homes Through Grants

Spending time at home becomes more common in retirement. This is a period when many retirees find their homes need changes to match their new lifestyle and possibly changing health needs.

For those aged 65 and above, making their home more suitable for their later years, known as "aging-in-place," becomes important, with those aged 55 to 64 also preparing for this phase.

Unfortunately, remodeling for accessibility and safety can be expensive. For example, widening a shower could cost around $5,000, installing a ramp might be about $1,100, and more significant changes like fitting an elevator could reach up to $45,000. So, how can retirees make these important home improvements without using up their hard-earned savings?

Thankfully, there are grants and funding sources aimed at helping seniors, particularly those on lower incomes, to afford these necessary upgrades.
 

1. USDA Rural Development Housing Repair Loans and Grants

For homeowners 62 years or older living in eligible rural areas, the U.S. Department of Agriculture offers loans up to $40,000 and grants up to $10,000. These funds can be used for making the home safer or more accessible, as well as fixing health and safety hazards.

Eligibility includes being the homeowner and living in the house, being unable to secure credit elsewhere, and having an income considered low for your area.
 

2. Weatherization Assistance Program

The U.S. Department of Energy runs this program to help low-income families reduce their energy bills through home improvements that increase energy efficiency.

Eligibility requirements vary, but typically, your income must be at or below 200% of the national poverty guidelines.
 

3. Habitat for Humanity’s Home Repair Program

This non-profit organization offers help not based on age but on income, assisting those with a household income no more than 80% of the median in your area.

They offer a variety of repairs and adaptations, including plumbing, electrical work, accessibility modifications, and more.
 

4. Home Improvements/Structural Alterations (HISA) for Veterans

For veterans or servicemembers needing home modifications due to medical necessities or for better accessibility, HISA provides grants.

Changes can include alterations for easier entrance and exit, improved access to facilities like bathrooms, and upgrades to plumbing or electrical systems to support medically necessary equipment.
 

5. Specially Adapted Housing Grant For Veterans With Disabilities

Veterans with certain service-related disabilities might qualify for this grant.

Eligible disabilities include loss (or loss of use) of limbs, certain severe injuries, and more, with grant amounts reaching up to $117,014 in 2024.
 

Checking Locally for More Aid

Beyond these programs, additional grants might be available at the state and county level.

Almost always, you'll need to provide proof of eligibility, such as age, income, identification, assets, and homeownership. Specific grants might also require documentation like a doctor's letter for a medically necessary repair or proof of veteran status.

Before applying, it's crucial to read all eligibility criteria carefully to ensure you qualify.

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