How to Get Low Income Housing - Affordable Housing Tips

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how to get low-income housing your dream

of owning your own home doesn't have to

remain the dream if you don't have a

high income

there are ways on how to get low-income

housing if you've know where to look and

you are patient and persistent this

video will help you in acquiring housing

despite your low income given that

shelter is a basic human need the

government and other groups aim to help

people in finding a habitable place to

live in not only is shelter necessary

for survival it helps people stay

healthy and emotionally secure knowing

that they have a stable place to call

home one research it always helps to

research when embarking on any major

financial decision such as applying for

low-income housing to help narrow your

search find out what constitutes

low-income housing this is different

from affordable housing in that

affordable housing only requires that

your housing expenses take up 30% or

less of your income this means that

affordable housing can be targeted to

medium to high income families

low-income housing is often offered to

those who make 30 to 80 percent of their

area's median income visit your local

Social Services office and they can

provide you with a list of agencies

assisting and providing low-income

housing in your area to determine if you

are qualified most low-income housing is

government subsidized there are two

government subsidized housing programs

that are supervised by the Department of

Housing and Urban Development HUD there

are also non government units such as

Habitat for Humanity that help people

with low to medium income build their

houses once you've done your research on

the avenues for low-income housing reach

out to them and ask about their

qualification requirements and the

documents you will need to provide as

part of your application 3 apply in

multiple places knowing that there are

multiple choices for low-income housing

means that you can apply at multiple

places more often than not there are

waiting lists at each place so it's best

that you apply at multiple places this

gives you a greater chance of getting in

sooner the application process involves

completion of forms and submission of

documents such as pay stubs or w-2 forms

to show income you will also be asked

for your birth certificate and social

security card most low-income housing

options do not check your credit history

and credit score however it is a good

idea to have a credit bureau report

handy you can get one for free this way

you can avoid applying it places that

require a credit score that is higher

than yours for follow-up and have

patience given that there were many

people applying for low-income housing

and the long application process takes a

while it can take months or even years

before you find out if you were approved

stay optimistic and patient and follow

up with the agencies you applied to call

them and ask about the status of your

application and if you need to submit

more documents or provide clarifying

information while you're waiting on your

application start saving up for your

deposit and monthly payments set aside

some amount from your earnings without

sacrificing food on the table this way

you will be able to move in shortly once

you are approved the larger the deposit

you can give the less your monthly

payments will be having a low income may

discourage some lenders in taking a

chance on you by approving your mortgage

application however they should not

discourage you as there are government

entities nonprofit organizations and

generous corporations that will help you

get low-income housing