Individuals and families with low to moderate incomes, individuals with disabilities, and senior citizens may qualify for assistance from HUD for low income housing. HUD (United States Department of Housing and Urban Development) does not own rental property outright, but provides funds to states and building owners. These funds allow state governments and landlords to offer low income housing to eligible parties.
Many Americans understand how difficult it can be to pay for basic necessities and may wonder if low income housing apartment rentals can help. Renters who earn at or below 30% of their area’s median income often do not have the living conditions that they need. The shortage of low income housing in the country is more than three million units. However, there are a number of apartment rental programs and initiatives intended to close this gap.