Unlike low income housing, rent assistance generally requires your household income to be less than 50% of the Area Median Income. You also need to be at least 18 years old.
Your criminal record, past evictions, rent arrears, and credit history are key factors. Agencies use these to decide if you qualify for assistance.
3. Composition Of Income
According to CFR 24, Subtitle A, Part 5, Subpart F §5.609, published by the HUD, your income includes several components. The main components among them are the full amount of wages and salaries, the income from the operation of a business, interest, and dividends.
