The actual rent is determined by the income of the tenant. (30% of the area medium gross income, AMGI 50% of the AMGI, 60% of the AMGI and 80% of the AMGI or market rent because they exceed 80%).
Cypress Cove Apartments accepts section 8 choice vouchers. The housing choice voucher program is the federal government’s major program for assisting very low-income families, the elderly, and the disabled to afford decent, safe, and sanitary housing in the private market. Housing choice vouchers are administered locally by public housing agencies (PHAs). The PHAs receive federal funds from the U.S. Department of Housing and Urban Development (HUD) to administer the voucher program.
Renters are required to pay the full rent. However, in most cases, the properties are happy to accept Section 8 choice vouchers. Otherwise, to qualify for tenancy, a person or family must make no more than 50-80% of the Area Median Income.