Apartments for Low Income

Questions and Answers

Your Questions About Income Based Apartments

March 2, 2012

Helen asks…

how do they find out your rent for based on income apartments?what percentage do they go by?

What financial guides do they use when you go and apply for a based on income apartment?How do they figure out your rent?

Administrator answers:

Income based are still a set amount.

The question is if you qualify or not, there are several levels. All based on the median income where you are. The lowest is 30%, usually seniors with only social security, most are 50%, and some are 60%.

Your case working with the housing authority can tell you what you qualify for.

The poster above me is talking about section 8, not income based housing.

Sharon asks…

Does anyone know of income based or cheap apartments in or around Shepherdsville KY?

Our family currently lives in incomebased apartments in Tennessee. We’re looking to move to Shepherdsville or around that area (close to it). We have a very low income and I can’t seem to find any information on income based housing or the PHA, or any cheap (yet decent) apartments around there. Any help or info would be appreciated.

Administrator answers:

Call local real estate offices.

I am glad you have internet access!!!

Richard asks…

What is your opinion/experience on income based apartments?

Administrator answers:

It can be very lucrative, but sometime tenants are hard to deal with. We started out owning 4 units almost 10 years ago, now we own over 50. It can be a good way to earn a living. My husband does all the repairs which saves us a ton of money. Repairs are very expensive if you have to pay a contractor. We bought all of our properties with no money down,and have since re-financed several of them and walked away from the closing with cash. It can be done, but it takes a lot of work, patience, knowledge and research.

John asks…

please help..i need a list of income based apartments in phoenix az?

im a single mom with two little ones and im trying to move to the phoenix area..and im looking for low income or income based apartments in mesa, scottsdale, gilbert, chandler??

Administrator answers:

All of that is handled by the housing authority. You may have to wait several years for an opening.

Daniel asks…

where do i go to find a Based on income apartments in new york city ?

well im looking for Based on income apartments in new york city ?

Administrator answers:

You go to the Housing Authority, they handle off of the subsidized housing.

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