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Click ‘Get Form’ to open the affordable housing application in the editor.
Begin by filling out the 'Household Information' section. Enter the name of the head of household, select their sex, and provide their Social Security number and date of birth. Indicate the total number of household members and total household income.
In the 'Address Information' section, input your current home address and mailing address if it differs from your home address. Include a contact phone number and email address.
Complete the 'Ethnicity' and 'Race' sections by checking the appropriate boxes that apply to you as the head of household.
Answer the questions regarding residency, disability status, veteran status, and displacement by marking 'Yes' or 'No' as applicable.
Select any waiting lists you wish to be placed on by checking the corresponding boxes.
Finally, certify that all information is accurate by signing in the designated areas for both head of household and spouse/co-head before submitting your application.
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HUD sets the lower income limits at 80% and very low-income limits at 50% of the median income for the county or metropolitan area in which you choose to live. Income limits vary from area to area so you may be eligible at one HA but not at another.
What is the qualified basis for affordable housing?
The qualified basis equals the fraction of the cost of the housing project rented to tenants meeting the income tests. For many LIHTC projects, the owners or developers aim to rent 100 percent of the units to qualifying tenants.
What qualifies as affordable housing in the US?
The U.S. Department of Housing and Urban Development defines affordable housing as housing on which the occupant is paying no more than 30 percent of gross income for housing costs, including utilities.
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