Everything You Need To Know About Low-Income Apartments
Everything you need to know about low-income apartments Low-income apartments are the apartments that are eligible for reduced or subsidized low-income rentals. They are used to help low-income families with some affordable living and come with an income cap. They are either privately owned or city owned. The owners of the apartments get a subsidy payment from a state or a federal tax credit. Who runs a low-income apartment? People with low income, disability, or seniors are all eligible for help from the country’s Department of Housing and Urban Development (HUD). HUD doesn’t own a rental property but gives money to those who in turn provide it with a house.