How Do You Qualify For Low Income Housing?
The Internal Revenue Code’s Section 42—enacted in 1986 by Congress—established the Low Income Housing Tax Credit (LIHTC), which offers tax incentives to rental property owners. The program acts as an “indirect federal subsidy used to finance the development of affordable rental housing for low-income households,” according to the U.S. Department of Housing and Urban Development (HUD). Additionally, the Housing Choice Voucher (HCV) program offers a rental subsidy to qualified applicants. The LIHTC program and the HCV program both have similar qualifications. Document any family disabilities. The HCV program offers a subsidy for individuals with disabilities. Visit with your doctor to request medical records that detail your disability. You will need the information to qualify for subsidized housing. Locate proof of your family composition. To qualify as a family, you must provide proof of your dependents. Gather Social Security cards, birth certificates and photo identification for each
