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Income-Based Apartments Can Save You Lots Of Rent

4. Income-Based vs. Income-Restricted Properties

Income-based and income-restricted properties differ in rent calculation. Income-based apartments cap rent at 30% of a tenant's adjusted gross income, while income-restricted properties limit rent to no more than 30% of the area's average income. Each has distinct eligibility requirements and caters to different groups​​.

Income-Based Apartments Can Save You Lots Of Rent_5
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