This study examines the regulatory and policy framework for social housing in Latvia, focusing on its current state and future directions. Through comprehensive policy analysis and document review, the research traces the historical development of social housing policies, evaluates the existing regulatory landscape, and compares Latvian approaches with EU best practices. The study reveals significant challenges in Latvia’s social housing sector, including limited stock, inadequate funding mechanisms, and policy gaps in addressing the needs of vulnerable populations, particularly the elderly. Despite these challenges, recent initiatives and proposed reforms indicate a growing recognition of the importance of social housing in addressing demographic shifts and economic disparities. The findings highlight the need for a more robust and adaptive policy framework that aligns with EU standards while addressing Latvia’s unique socio-economic context. The study proposes policy recommendations aimed at enhancing the accessibility, affordability, and quality of social housing, with a particular emphasis on age-friendly housing solutions. By identifying key areas for improvement and potential innovative approaches, this research contributes to the ongoing discourse on social housing policy in Latvia. It offers insights for policymakers, urban planners, and housing stakeholders.