How do I get low income housing in Virginia?
To apply, contact or visit the management office of each apartment building that interests you. To apply for either type of help, visit your local Public Housing Agency (PHA). Questions? Email or call our Public and Indian Housing Information Resource Center toll-free at (800) 955-2232.
Is there low income housing in Virginia?
The Housing Choice Voucher (HCV) program provides decent, affordable housing to very low- to low-income individuals and families, including people with disabilities and senior citizens. Vouchers are distributed through Virginia Housing.
What qualifies as a low income household?
Families and children are defined as low-income if the family income is less than twice the federal poverty threshold (see Poor). The federal poverty threshold for a family of four with two children was $25,926 in 2019, $25,465 in 2018, $24,600 in 2017, $24,300 in 2016, and $24,250 in 2015.
What are low income based apartments?
The Low Income Housing Tax Credit program, managed by the U.S. Department of Housing and Urban Development, began in 1986. Through the program, owners of multi-family homes designate income-based apartments, also referred to as tax credit properties, to low-income residents for a reduced rent.
What does “income restricted apartments” mean?
The term income restricted apartments refers to housing that is included in programs offered to low-income families, disabled individuals and the elderly. These programs are administered by the Department of Housing and Urban Development, which allocates federal aid to local Public Housing Agencies.
What does a low income apartment mean?
Low-income housing is any housing project or residential building that rents units out to tenants who qualify for reduced rent based on income and family size, or who receive a federal stipend to help make their monthly rental payment.
How do low income apartments work?
How It Works. Housing for low income people is subsidized by the funding entity (federal, state or private). Generally the renter would pay 30 percent of his income and the funding entity pays the rest of what has been agreed upon as the “fair market value” of the housing. There are obligations people must meet to qualify for low income housing.