Boston Mayor Michelle Wu’s latest pilot program will subsidize older adults facing eviction or displacement, allowing them to temporarily remain in their homes until approved for long-term affordable housing.

Dubbed SHORE-UP (Stabilizing Housing for Our Resident Elders Under Pressure), the program received $200,000 in funding.

According to the City of Boston, over 20% of Boston residents older than 65 live below the poverty level. Around 10,000 households led by these seniors spend more than half their income on housing. SHORE-UP will support the over 10,000 older adults on the Boston Housing Authority’s affordable housing waitlist by providing financial support towards rent payments until placement.

The City of Boston will collaborate with Mass Senior Action Council, the Mass Coalition for the Homeless, individual Boston seniors and other non-profit organizations to implement the program.

“Our older residents have built Boston over their decades of leadership and neighborhood activism, and they continue to anchor our communities,” Wu said in a press release. “We must continue to find every resource to support our seniors staying and thriving across Boston. This program will help keep older adults in our neighborhoods, close to their friends and families, with a pathway to long-term affordable housing.”