Wednesday, February 10th, 2016

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.

Monday, January 25th, 2016

Finding inexpensive, safe housing in a good neighborhood may seem simple enough, but it can be difficult to get a low income apartment. Even with low housing prices in many areas of the country, locating a low income apartment or house can seem overwhelming. However, there are a few things you can do that make getting a low income apartment simple. First, research your options and apply for Section 8 assistance. Then, review the income guidelines and be prepared to look for many options. Finally, let everyone know that you are looking to get a low income apartment.

Monday, January 25th, 2016

Although there are many similarities between low income housing rental agreements and standard rental agreements, there are also many differences. The biggest difference between the two is that low income housing rental agreements hold the renter responsible for putting just 30% of their income toward rent. The United States Department of Housing and Urban Development (HUD) covers the remaining rent expenses. This arrangement must be included in the rental contract. Low income housing rental agreements also detail other relevant HUD regulations that are not in traditional leases.

Tuesday, January 12th, 2016

Low income housing is intended for households that have lower incomes in comparison to the annual median income in a given area. Typically, to apply for this type of assistance, you must go through the federal government and many major cities offer assistance to people with low incomes.

Tuesday, January 12th, 2016

Housing grants exist for single mothers and their families because they often need financial assistance to care for their loved ones. When a family only relies on one income, it can be difficult to cover basic living expenses. Housing grants for single mothers and other types of assistance for single parents help families live under one roof, while lowering monthly payments. Staying current on rent or a mortgage also allows single mothers to avoid serious financial issues. There are many programs that can help single parents, including Bridge of Hope, housing choice vouchers, and the first time homebuyer tax credit.

Friday, December 18th, 2015

The United States Department of Housing and Urban Development (HUD) funds low income housing programs across the country. Eligible tenants are granted rental subsidies for qualified rental properties. As the Section 8 Housing Choice Voucher Program does not limit subsidies to specific properties, qualified renters are able to choose their own home or apartment.

Tuesday, December 8th, 2015

Many cities across the United States offer government sponsored housing for low income individuals and families. If you’re eligible for this type of low income housing, the government will subsidize part or all of the cost of your rent. The United States Department of Housing and Urban Development provides government funds for local housing authorities that oversee the low income housing in a given area.

Tuesday, December 8th, 2015

Low income housing allows tenants to receive assistance from federal, state, and local government programs that help individuals and families secure affordable housing. Finding low income housing to rent may seem overwhelming, especially if you live in an area where there is a high demand for this assistance. However, with the right tools, finding low income housing can actually be easy. Knowing how to rent low income housing is the first step to finding an affordable and comfortable home. You can start by using online resources for low income housing and housing authority resources for this type of assistance. It is also good to know what happens during the application process for low income housing and what happens after approval is given for the housing.

Wednesday, October 14th, 2015

Many people who are able to make rent payments are unable to afford market rate housing prices, particularly in urban areas. Low income housing helps these people bridge this gap. There are different types of low income housing programs in select cities around the country, the most widely used is HUD. Eligibility for low income housing includes documentation about the size of your family and your total monthly income. This eligibility is also relative to where you live. Documentation needed for low income housing includes Social Security numbers or birth certificates for every household member. You may also need tax returns, check stubs, and banking information.

Wednesday, October 14th, 2015

Investing in a multi family housing complex can be a great asset for a portfolio. However, in order for it to be a profitable venture free of stress and headaches, you must know what you’re getting yourself into. You must also have a plan for addressing both day to day concerns and larger issues that will arise. A burned out stairway light bulb or a leaky faucet may seem like a trivial manner, but it’s not to a tenant. Leaving problems unattended results in dissatisfied tenants, making it tougher to fill units as old tenants move out. Managing your multi family housing complex properly increases your chances of retaining tenants and maintaining market value. The following guidelines will get you started.