Everything You Need To Know About Low-Income Apartments
Low-income apartments are apartments rented at subsidized rates. They help low-income families and those facing financial hurdles find affordable housing. One’s household income has to be below a certain threshold to be eligible for such rentals. The apartments are either owned by a private entity or the city administration. Owners charge a lower rent and receive the remaining amount from the government as a subsidy from a state or a federal tax credit.
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