Is Broward County a low income community?
Broward County consists of both high- and low-income communities that deviate substantially from the countywide average.
How do I apply for housing in Broward County Florida?
The Pre-Application Lottery for the waiting list will be accessed ONLY through our Website: www.bchafl.org. No telephone calls, walk-ins, mail-ins or drop-off pre-applications will be accepted.
What is the crime rate in Broward County?
The rate of crime in Broward County is 74.97 per 1,000 residents during a standard year. People who live in Broward County generally consider the southwest part of the county to be the safest.
What is the richest city in Broward County Florida?
1. Lighthouse Point. With a median home price of $1,250,000 and a median rent of $1,435, Lighthouse Point is the most expensive city on our list.
Is Broward County expensive?
Broward has a median income of $52,954 (12th-highest) and estimated cost of living of $37,880 (fifth-highest), while Miami-Dade was 41st because of its more narrow spread between median income, $44,224, and estimated cost of living, $35,087.
What is lower income housing?
What is Low-Income Housing. Low-income housing is any housing project or residential building that rents units out to tenants who qualify for reduced rent based on income and family size, or who receive a federal stipend to help make their monthly rental payment.
What are low income based apartments?
The Low Income Housing Tax Credit program, managed by the U.S. Department of Housing and Urban Development, began in 1986. Through the program, owners of multi-family homes designate income-based apartments, also referred to as tax credit properties, to low-income residents for a reduced rent.
How do low income apartments work?
How It Works. Housing for low income people is subsidized by the funding entity (federal, state or private). Generally the renter would pay 30 percent of his income and the funding entity pays the rest of what has been agreed upon as the “fair market value” of the housing. There are obligations people must meet to qualify for low income housing.
What does “income restricted apartments” mean?
The term income restricted apartments refers to housing that is included in programs offered to low-income families, disabled individuals and the elderly. These programs are administered by the Department of Housing and Urban Development, which allocates federal aid to local Public Housing Agencies.