Hook
More breakout videos from this creator.
Friendly neighborhood Case Manager here once again. I don't want you guys waiting forever on these Section 8 waitlists, so let's talk about the other programs. It's called LIHTC, the Low-Income Housing Tax Credit program. These are privately managed apartments with income and rent restrictions, and you can often apply directly through the property. So, how do you know if you qualify? It comes down to AMI, or Area Median Income. Income limits depend on your area, household size, and the property's income tier, often 30, 50, or 60% of the AMI. Search HUD's income limits online, then ask your property manager which limits apply to their units. And here's something important: your rent isn't automatically 30% of your income. LIHTC rents are generally capped based on the unit's designated tier and bedroom size, including applicable utility allowances. But here's the secret: some properties also have that rental assistance like those project-based vouchers and PBRA vouchers that we talked about, and those can make your portion of rent income-based. So, where do you find these apartments? I would start at resources.hud.gov to find affordable housing, or you can search affordablehousing.com for any rental listings housing assistant waitlist. You can also use HUD's LIHTC database at huduser.gov. So, once you find a property, call the leasing office and ask three questions. One, is your tax-credit waitlist open? Two, do you have units with rental assistance, like Project-Based Vouchers or PBRA rental assistance? And then three, how do I apply to those specific units? So, remember, some applications go through the property while others require a housing authority referral. And one last thing, all college students, listen up. LIHTC has special rules for households made up entirely of full-time students, with certain exceptions of course. So, check your eligibility before paying an application fee. Those are not cheap. So, don't limit yourself to one waitlist. Save this video, share it with somebody who needs housing, and follow your friendly neighborhood case manager for more affordable housing tips.