Low-income housing provides low-income families with safe, affordable housing. The Department of Housing and Urban Development states that families paying more than 30 percent of their income for housing may be eligible for assistance.Know More
The Department of Housing and Urban Development provides funding for low-income housing. This kind of housing includes public housing, subsidized housing and housing paid for through voucher programs. For instance, the HUD Section 8 program is a voucher program that pays all or part of the rent for low-income families.
Federally funded public housing is available to low-income families and individuals that meet the eligibility criteria determined by the Department of Housing and Urban Development. Public housing is widely available and rent costs are based on the income of the participants.Learn more about Real Estate
Low-income apartments are a type of affordable housing reserved for individuals who qualify for governmental housing assistance programs. The two most extensive housing assistance programs are the Public Housing Program and the Section 8 voucher program. The Department of Housing and Urban Development oversees both initiatives.Full Answer >
The Department of Housing and Urban Development sets the qualifying income level for low-income apartments at 80% of the median income for the county or municipality in which the applicant lives. Income limits vary from area to area, so eligibility in one area does not mean eligibility in another.Full Answer >
Individuals who are interested in purchasing a low-income home should contact their local housing authority to inquire about their low-income housing voucher program. Home-ownership vouchers allow eligible low-income individuals to use a HUD subsidy to pay a portion of their rent or monthly mortgage payment.Full Answer >
Medicaid and Children's Health Insurance Program plans are available to low-income families and individuals based on the household's income, size, age of the individuals and disability status. As of 2015, individuals can determine if they qualify for low-income health insurance when they apply for coverage through the health care marketplace.Full Answer >