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Old 02-16-2012, 09:41 AM
 
729 posts, read 877,474 times
Reputation: 674
Default Income restricted apartments?

My adult DD qualifies for income-restricted housing. However, the rent for the apartment she wants and her take home pay are about the same, so of course I want to help her a little.

However, the application asks us to report our annual income. I'm worried this is some kind of trap and they will "disqualify" her because of our income.

Can anyone shed any light on this? Again, our intent is to provide *some* financial support so that she can eat -- not total support.

Thanks in advance!
Brookie
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Old 02-17-2012, 11:59 AM
 
Location: Pasadena, CA
279 posts, read 208,962 times
Reputation: 251
I don't know the rules; however, somehow the owner will need to know that the renter can/ will pay.. so they'll need to know that you'll provide enough guaranteed supplemental income to qualify... and that you make enough to take care of yourself plus chip in the guaranteed amount.

Given that people should spend less than 35% of their gross pay on housing costs.. it sounds to me that this place is too expensive, unless you are planning to chip in 1-1.5x the cost of rent monthly.
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Old 02-18-2012, 06:13 AM
 
729 posts, read 877,474 times
Reputation: 674
Yeah, the place is too expensive. But she was able to lease it anyway, with our help. <<sigh>>

Thx.
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