INCOME TO RENT RATIO POLICY IN CITY SUBSIDIZED APARTMENT BUILDINGS

Source: 590638

Example The Abigail Apartments had an income to rent policy of 2.7 to 1.0. For a 30% MFI tax credit studio which rents for $386, applicants must have income of $1,042. This screens out most low income elderly and disabled singles on fixed incomes. PHB intervened and the Abigail income to rent policy has been changed to 1.5 to 1 .0.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s