Privately owned subsidized housing is a housing option developed and owned by private companies, usually with public funding. Similar to public housing, the U.S. Department of Housing and Urban Development (HUD) subsidizes an apartment by paying for a portion of the monthly rent to the landlord on the behalf of the tenant.
These housing sites are geared toward tenants with low incomes including older adults and people with disabilities. There are several HUD-funded programs for specific groups of people of varying age and income levels including senior housing complexes.