Low-Income Elderly Homeowners in Very Old Dwellings: The Need for Public Policy Debate

This paper assesses whether the usually favorable depictions of older homeowners in the United States can be generalized to those who have extremely low incomes and occupy the oldest housing stock. Theoretical treatments and past empirical research findings offer a strong rationale for distinguishing this subgroup of older households. Analyzing 1999 American Housing Survey data, this paper finds that poor older homeowners in very old dwellings are more likely to be demographically disadvantaged and to occupy physically deficient dwellings. The paper calls for public debate on the comparative benefits and costs of governmental programs that help these vulnerable older persons to age in place as opposed to offering them alternative affordable housing options.