Frequently Asked Questions About Housing Authorities
Many cities and towns have housing authorities, which are entities that provide affordable housing for low income residents. They are often times government subsidized, offering housing assistance for those who can’t afford the high prices of homes and the corresponding interest rates. Housing authorities are a big part of urban development, as they make up a portion of a particular city’s housing needs. Here are some frequently asked questions about housing authorities in your area:
Is there a waiting list to obtain affordable housing?
Because of their popularity, affordable Section 8 housing is in demand by a community’s members in need. Therefore, yes, there are often times waiting lists to get into subsidized government housing. You can get on a waiting list by filling out an application either online or in person. The process may vary by state.
What is a voucher program?
Some housing authorities offer a voucher program that provides tenant-based housing assistance via vouchers, rather than cash, to families who are considered low income. They get to choose rental units within the private market using their vouchers, with apartments, duplexes, town houses, and single family homes to select from.
What are income limits?
In order to qualify for subsidized housing, residents must meet income limit eligibility requirements, which are set by the government each year. In general, this means applications will be accepted from those with incomes of up to 80% of the area median income; however, ideally, 75% of the families receiving assistance should be below 30% of the area income to qualify.