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You can go to your local housing authority, and ask them for help in applying for a federal loan. They will tell you if you qualify.

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15y ago

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Related Questions

How can I find apartments in my area based on income?

Checking with your local housing authority for a list of income based apartments is a good start.


Where can I find good income based apartments for boston?

Checking with your local housing authority in Boston can provide you with a list of income based apartments.


Where can I find a historic apartment based on income?

You must go to your local housing authority in your county and they will give a income based voucher for an apartment.


Where can I find information on income based apartments online?

Do a search for your city and state with the words "subsidized housing." This will bring up the sites for the housing authorities that managed income-based housing in your areas. Some of the sites show locations and availability.


How To Qualify For Federal Housing?

Federal housing, also called Section 8 or subsidized housing, refers to rental properties that are offered at an affordable cost to those that qualify. Federal housing programs were put in place by the United States federal government to ensure that citizens can obtain housing that is deemed affordable according to their income. Housing is considered affordable when the price of the property does not cost a family over 30% of their total income, even when considering the cost of utilities and taxes when applicable. Families that struggle to pay their bills and cannot seem to find housing that coincides with their budget may qualify for federal housing. Federal housing, or section 8 housing, is a program that ensures that a family will only spend 30% of their income on rent. If their rent is higher than 30% of their income, they will receive a section 8 voucher that will cover the additional cost. To find out if you qualify for federal housing, it will be necessary to apply for housing with the Department of Housing and Urban Development, or HUD, through a local housing authority. The application process will determine whether you are eligible to receive federal housing due to your income, the average income in your area, and any assets you may have. To qualify for federal housing, an applicant must make less than 50% of the average income earned by those in their area. However, housing agencies must award at least 75% of the allotted federal housing to families that make less than 30% of the average income earned by other families in the area. Because there is not an unlimited amount of federal housing, some families will have to wait to receive aid. However, if a family is currently renting a home that is considered substandard, is homeless, or spends over 50% of their income on rent, they will take priority over other wait-listed families. Once a family has been approved to receive federal housing, they may then begin searching for an apartment or home to rent that accepts section 8 vouchers. While the process of obtaining section 8 housing may be lengthy, federal housing helps families live more comfortably in housing that is well within their means.


Where can I find safe and comfortable apartments with rent that's based on income?

Income-based housing (subsidized housing) is offered through government funding. An application process determines if you qualify. Unfortunately, there is a waiting list in most communities.


What is taxable income, and where can I find it ?

Taxable income is the income your taxes are based on in your federal and state income tax returns. This website explains it. en.wikipedia.org/wiki/Taxable_income


Where can I find apartments based on income in Florida?

You can use a phone book to look up your local Housing Authority. They should be able to help you apply for and find Section 8 Housing.


What does it mean to have an income based apartment?

An income based apartment is also known as a rent controlled housing or low income housing. An income based apartment has rent based off the income you receive from working, the more or less you make, the more or less you pay. Income based housing is very useful for people who may not otherwise be able to live in an area because of high rent.


is there income based apartments in oak grove ms or petal ms?

Yes, you can find low income housing at your local economic office or website.


Where can I find apartments for low income families?

Beyond your local classifieds, most states have housing departments or bureaus that can connect you with local housing opportunities. HUD is a good federal resource.


What are the federal income tax rates for 2013?

The rate for a federal income tax will vary based on one's income bracket. One can find more information about the 2013 tax year at the official IRS website.