Wednesday, May 15, 2019

Exploring Affordable Housing For Young Adults

By Kimberly Brooks


When it comes to looking for a place to live, it can often be difficult, especially for individuals or couples on a limited income. For, while there are government programs, most affordable housing for young adults often have a waiting list, some of more than two years. Whether looking at HUD, Section 8 or a voucher program, it is important to apply as soon as the qualified party or parties recognize eligibility.

In most cases, young adults often find most mortgage and rental payments beyond financial means. If so, there are government programs which can be of assistance depending on income. Still, it is important to peruse private and government housing options, as there are some landlords and property management companies whom offer lower rents than others.

Adaptability and flexibility are also key when looking for a low income rental. For, most often these properties are going to provide basic housing without playgrounds or swimming pools. In addition, while there are some which include utilities, most do not. As such, it is important to calculate the difference between non-government rentals which do and government rentals which do not include utilities.

Public housing, often known as Section 8, provides affordable rental housing in different locations in the United States. In most cases, individuals must submit an application through a rental management company or landlord, which includes a criminal background check, employment and rental history. The application is then reviewed and either rejected or approved by the local housing authority.

Voucher programs are a bit different from Section 8, HUD and subsidized housing. For, most often an individual will go ahead and rent a property knowing that one meets the qualification standards for the program. While this is the case, most properties also have qualification guidelines which can often be difficult to meet for individuals on fixed or low income.

It is also recommended renters visit any potential property to gain an idea of the tenants and overall lifestyle. For, there are some properties in low income neighborhoods which can be overrun by drug dealers and prostitutes. As such, by visiting the property and touring an apartment or house, renters can often be assured this is not the case.

If individuals are having difficulty locating a property manager or public housing agent, the HUD field office can often be of assistance. Landlords and property managers can also contact a HUD representative if interested in offering low income properties through any of these government programs. For, more low income properties are desperately needed as there can often be a multi-year waiting list for people attempting to apply and qualify for these programs.

Younger people can often locate low income rentals without going through these organizations. In one case, the Section 8 website has suggested that buying a mobile home, renting a RV, sharing a house or subletting are all ways in which younger individuals and couples can find affordable housing. Whereas, there are a number of young adults whom now house or pet sit in different areas on a full time basis rather than pay for a rental.




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