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The OP specifically asked for INCOME BASED apartments. Lakemoor, Forest Glen, and all the others with income restrictions are NOT what she is asking about. She's looking for an apartment that charges rent based on how much money you make. My MIL lives in one of these places in NJ. As far as I know, there are no restrictions on income. Whether you make $20,000 or $50,000, you will pay your rent according to that figure. When she gets a tiny raise in her salary, her rent goes up.
The OP specifically asked for INCOME BASED apartments. Lakemoor, Forest Glen, and all the others with income restrictions are NOT what she is asking about. She's looking for an apartment that charges rent based on how much money you make. My MIL lives in one of these places in NJ. As far as I know, there are no restrictions on income. Whether you make $20,000 or $50,000, you will pay your rent according to that figure. When she gets a tiny raise in her salary, her rent goes up.
With income capped apartments, this doesn't happen. Once you're in the building, your rent doesn't go up except with normal price increases that happens to all the tenants. (I'm not sure if you have to move if your income goes above the income restriction once already in.)
*bold by me
This is a bit of a contradiction. If an apartment complex is income based there will be a cap. One has to make at least a certain amount and cannot make over a certain amount. "normal price increases that happens to all the tenants" is just not accurate. Certain tenants are exempt from utility allowance increases as well as any rent adjustment increases.
There are a number of different "income based" formulas that certain apartment complexes use. Section 8 vouchers, which is a different critter altogether, are not accepted in many of these complexes..houses..duplexes..
Last edited by second right; 03-11-2011 at 05:40 AM..
Reason: clarify
Thanks everyone for your help. I truly appreciate it. Income based and income restriction is 2 different things. With income based, you don't have to have employment to move in. That is what I am looking for, because it will give me time to find a job in that area. Here in VA they offer income based apartments, there is a waiting list with a minimum of 4 months to a year. With income restriction, you have to have income but it can't exceed the maximum and can't be below the minimum. The cost of living is extremely high in this part of VA. which is why I am trying to move.
Thanks everyone for your help. I truly appreciate it. Income based and income restriction is 2 different things. With income based, you don't have to have employment to move in. That is what I am looking for, because it will give me time to find a job in that area. Here in VA they offer income based apartments, there is a waiting list with a minimum of 4 months to a year. With income restriction, you have to have income but it can't exceed the maximum and can't be below the minimum. The cost of living is extremely high in this part of VA. which is why I am trying to move.
If you have no income, how do they figure out what to charge for rent??
This is a bit of a contradiction. If an apartment complex is income based there will be a cap. One has to make at least a certain amount and cannot make over a certain amount. "normal price increases that happens to all the tenants" is just not accurate. Certain tenants are exempt from utility allowance increases as well as any rent adjustment increases.
There are a number of different "income based" formulas that certain apartment complexes use. Section 8 vouchers, which is a different critter altogether, are not accepted in many of these complexes..houses..duplexes..
No, there is no contradiction. I'm going by how my MIL's (subsidized) apt. is. There are some people in there receiving all sorts of welfare benefits and others with full time jobs (like my MIL). Some people could be paying $60 a month in rent and others could be paying $1000 for the same unit. Also my SIL is in this same type of housing. She's receiving SSI disability. The rent is subsidized. Rent increases are only based on her raises whether it is from a paycheck or from a cost of living increase from a government check.
With the apartment complexes with income restrictions, you MUST have a job and be able to afford the rent. This isn't the case with income based housing. The OP just clarified that she doesn't have a job so she wouldn't qualify for places like Lakemoor.
No, there is no contradiction. I'm going by how my MIL's (subsidized) apt. is. There are some people in there receiving all sorts of welfare benefits and others with full time jobs (like my MIL). Some people could be paying $60 a month in rent and others could be paying $1000 for the same unit. Also my SIL is in this same type of housing. She's receiving SSI disability. The rent is subsidized. Rent increases are only based on her raises whether it is from a paycheck or from a cost of living increase from a government check.
With the apartment complexes with income restrictions, you MUST have a job and be able to afford the rent. This isn't the case with income based housing. The OP just clarified that she doesn't have a job so she wouldn't qualify for places like Lakemoor.
Yeah, I get you but that is not how the post I quoted read.
I am very, very, VERY familiar with this subject, and how it works here in NC, but the OP got the information she needed so all is well.
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I would think so since they transfer through the US. With Durham and Chapel Hill bleeding into each other wouldn't assume an official transfer would be necessary. Your social service worker will be able to answer that question better then most posters on here.
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