Subsidized housing?

Question

does anybody here live in subsidized housing, meaning rent geared to income housing? if so what is it like and how much is rent?

Answer 1

Subsidized housing is housing for people who meet the financial criteria for their locality. For instance, your state might say that the poverty level is $9,000.00 for a single person. But the area you live in might be more depressed than other areas of the state so the level is set lower.

You can find out if you qualify for subsidized housing at your local social services office.

If you qualify, the rent is based on your income. The apartment might actually rent for say $500.00 but based on your income you would only pay $150.00.

The income they calculate your rent from is your annual amount minus medical bills you pay over a certain percentage of your total annual income.

It sounds complicated, but once you see the calculations it really isn't all that bad.

If you are going to check out about subsidized housing, make absolutely sure you keep extremely accurate records of the money that comes into your household and what you pay out as you will be asked to requalify every year and you do have to have proof.

Answer 2

I used to live in subsidized housing. My rent was based on my income. I got to choose the place but it had to pass a walkthrough inspection before it was accepted on the program. It is for you and your kid or kids.( If you have any.) Just don't abuse the program, I mean don't let other people move in with you.This means someone can visit but has to go home and maintain a home of their own. One time I was unemployed and my rent was zero that month. Later, as my child got bigger I was able to buy a government subsidised house. Oh, what a feeling that was.

Answer 3

I don't live in subsidized housing but have known a lot of people that have. They take 30% of your income if you qualify. There are usually high crime rates and a lot of poverty in these communities, but nothing compared to public housing (for people on welfare). It also depends on where you live. A lot of the times income based housing is right across the street from the projects. Thats not good. Ive also noticed it differs based on region. Subsidized housing in the southwest appears to be much less dangerous to live in than the midwest/northeast where there is a lot more poverty.

Answer 4

I will answer your question directly and say no, I do not hate these things. I believe this country is affluent enough that the only qualification a person need have to get food, is to be hungry; the only qualification a person need have to get medical care, is to have a pulse. That is an idealistic point of view, of course. The reality is much more difficult. People do abuse the system. And some of the abusers are poor and some are wealthy. You might say that abuse and crime are equal opportunity employers. My grandfather lost his farm in the early days of the Great Depression. There is no report on record that he ever shed a tear or lost an hour's sleep over it. What he did do was, he got up and said to his wife, eight sons and three daughters, "There is a living in this world for anyone who is willing to work. So let's get busy." The system CAN work. I will give one example from my own family. Until FDR's New Deal, my parents were tenant farmers in the deep south. The Bankhead Farm Tenant Act of 1937 allowed my parents and others like them to get loans to buy farms, just by testimony to their good character by established members of the community. This was not charity or welfare. My parents borrowed the money and paid every dime of it back ten years early. Many others had the same experience. It took hard work to make it work. Many got the loans then lost their farms because they could not make a success of farming ... which was a desperately difficult way to make a living. Our country is a great country; and it is a great country because it has great people in it. The problems we face are enormous. Just because this solution or that one is not perfect is not a reason to quit trying to improve things.

Answer 5

i don't but i know someone that is the superintendent of one
the apartments in that building are some of the best in this town.
the rent is geared to income .
people on disability pay say 300 or 400 a month but that same apartment would cost 900 minimum if it were not government funded . i am in Canada and in Ontario . in this town there is at least a 2 year waiting list . i must get on that i now live in a fire trap.

Answer 6

I heard that you pay 30% of your gross income towards rent.