Low-income and Subsidized Housing
There are many programs set up to assist qualified individuals in finding low-income or subsidized housing. Low-income and subsidized housing programs are designed for people of modest means. They provide comfortable housing at modest rates, with financial support provided by the government or private funds to those who qualify.
Subsidized housing refers to all types of housing where the amount of rent paid is determined by the tenant's income and not by the size or type of accommodation. For example, a four-person family whose total monthly income is $1,200 would pay only $360 (30% of $1,200) to rent a three bedroom apartment that has a market value of $1000.
Most cities in Northern California have waiting lists for subsidized housing. If subsidized housing interests you, find out if it is available where you want to live and how long it will be before you can move in.
To find out more about the types of subsidized and low-income housing and how to apply, visit the following Web sites:
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Friday, October 10, 2008
