• Back
• Start Over
• Print Page

Find the help you need > Subsidized/Low Income Housing > Low Income/Subsidized Private Rental Housing for Older Adults

Low Income/Subsidized Private Rental Housing

Privately owned rental housing that is made available to low-income individuals and families at reduced rates based on a contract between HUD or the state housing authority and the property owner. Subsidies are paid directly to the owner of the property who then rents units to income-eligible individuals and families. Also included are low-cost or below market rate housing that is operated or sponsored by religious or charitable organizations for the benefit of low-income individuals and families; and rental housing targeted to lower income households that has been purchased, rehabilitated or constructed by developers who are receiving a federal income tax credit under the Low Income Housing Tax Credit (LIHTC) program or are participants in other similar affordable housing incentive programs. Some privately owned rental units that were developed or improved with public funds are also required to rent a designated number of units at reduced prices to people who meet low-income eligibility requirements until the federal or state loans are paid. Some complexes or housing units may be reserved for low-income older adults, people with disabilities and/or other special populations. Included are income-based rental housing where tenants pay rent that is geared to their income; as well as fixed below market rate rental housing where rent is lower than what people would normally pay renting the unit but is based on a specified percentage of the median income for the area rather than on a percentage of an individual's actual income, and tenants may have to be within a specified income range to live there. Rental amounts and the level of "affordability" may vary considerably among programs.

Every effort has been made to supply complete and accurate information on this web site. The listings in the database are based on information supplied by agency representatives. Inclusion in the database does not imply endorsement nor does exclusion imply disapproval. Agencies may be absent from the database due to the inclusion/exclusion policy of Help Central Inc. This site contains links to other sites for more information. Links to other web sites do not imply an endorsement of the materials disseminated at those web sites, nor does the existence of a link to another site imply that the organization or person publishing at that site endorses any of the materials at this site. Links to other web sites are provided as a convenience and Help Central Inc. is not responsible for the content at any web site linked to this site.