Income Based Housing Meaning

Low income housing also called affordable housing housing for individuals or families with low incomes although housing has been recognized as a human right under a number of international conventions access to housing for low income people is often problematic.

Income based housing meaning. As defined by the us government income based housing more commonly referred to as public housing is a program that was established to ensure that low income families and individuals the elderly and people with disabilities are able to find decent safe housing the cost of which is keyed to their ability to pay. Various state private and nonprofit sector initiatives have helped low income people obtain housing and many small scale. Low income housing 1 generically any housing that is limited to occupancy by persons whose family income does not exceed certain preset maximum levels 2 for purposes of special tax incentives provided to persons who build or rehabilitate qualified low income housing projects the irs defines the term as a any project in which 20 percent or more of the units are both rent restricted.