2006-10-17 16:22:37 · 6 answers · asked by thenameisthesame 4 in Business & Finance ➔ Renting & Real Estate
They are usually government assisted. Meaning that the landlord is given a certain amount in rent money every month by a local government organization. There is a limitation on the amount of money someone can earn in order to qualify for this assistance therefor the landlord puts a cap on the income that the person moving in can have.
2006-10-17 16:26:13 · answer #1 · answered by Lauren 4 · 2⤊ 0⤋
Because they are being financed in some way by the government. They are a great deal for people with low income, just be sure you read everything very carefully before you sign. Since the government is involved, they can make rules that other apartments don't/can't.
2006-10-20 03:25:12 · answer #2 · answered by Lucie 5 · 0⤊ 0⤋
Certain apartments are built under government grant or tax programs created to promote affordable housing. In exchange for the government support, landlords must agree to limit eligibility to tenants who make 30-60% of the median family income for the area.
2006-10-17 23:29:11 · answer #3 · answered by David W 4 · 3⤊ 0⤋
Because they are financed by grants or government programs meant to keep rents affordable (i.e., for low-income persons).
2006-10-18 08:33:38 · answer #4 · answered by kingstubborn 6 · 0⤊ 0⤋
to keep housing available for lower income tenants (people on welfare, mainly)
2006-10-17 23:25:22 · answer #5 · answered by jerrytherobot 2 · 1⤊ 0⤋
because their rents are being subsidized by the government.
2006-10-18 13:42:59 · answer #6 · answered by Anonymous · 0⤊ 0⤋