What does it mean when a house is income-restricted?

For starters, what are income-restricted apartments? As the name suggests, income-restricted apartments are available only to those whose income falls into a specific range. They may be owned by the city or by private owners who receive government subsidies.

What does Tampa Housing Authority do?

The Tampa Housing Authority was incorporated in 1939 and provides housing opportunities to more than 21,000 residents in the Tampa Bay area. We currently administers 3,026 public housing units and 10,235 Housing Choice Vouchers (Section 8).

What is Section 8 housing Florida?

The Florida Section 8 Housing Voucher Program is part of a federally-funded program that helps lower-income, disabled and elderly residents get affordable housing in the state.

What is the difference between income based and income-restricted?

All of the units in an income-restricted community are designated for low-income tenants. On the other hand, income-based apartment homes are owned by individual landlords who must meet specific criteria for offering this type of housing.

What is restricted income?

Apartments that are eligible for reduced or subsidized low-income rentals are considered income-restricted apartments. These are apartments with income caps that determine eligibility, helping low-income families find affordable housing. The owners receive a subsidy payment from the state or a federal tax credit.

Who qualifies for low income housing in Florida?

In theory, if you are over 18, low-income, a full-time resident of Florida, and a US citizen with no assets and a clean background and rental history, then you will be eligible to apply for Florida Section 8.

Is Tampa housing waiting list open?

The Tampa Housing Authority (THA) Public Housing waiting list is currently open. Applications are being accepted since at least September, 2019, until further notice.

How much does Section 8 pay in Tampa?

On average, Section 8 Housing Choice vouchers pay Tampa landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Tampa. The maximum amount a voucher would pay on behalf of a low-income tenant in Tampa, Florida for a two-bedroom apartment is between $1,144 and $1,398.

How many income based apartments are in Tampa?

Income Based Apartments in Tampa, Florida Tampa features 6,548 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

How much income do you need to live in Tampa FL?

Renters earning up to 50% of the Tampa AMI may qualify for rental assistance programs that target Very Low Income households. Renters earning up to 80% of the Tampa AMI may qualify for rental assistance programs that target Low Income households.

Where can I rent an apartment in Tampa?

Tampa offers a wide range of apartments to choose from, whether you prefer modern luxury, modest charm, or something else entirely. Renting in Tampa affords you the opportunity to visit world-class attractions such as Busch Gardens Tampa Bay, the Florida Aquarium, Lowry Park Zoo, Tampa Museum of Art, and the Museum of Science and Industry.

What are the benefits of living in Tampa?

Bordering Tampa Bay, within minutes of the Gulf of Mexico, Tampa residents reap the benefits of a laid-back beach lifestyle and the many amenities of a major metropolis. Tampa offers a wide range of apartments to choose from, whether you prefer modern luxury, modest charm, or something else entirely.

Income Based Apartments in Tampa, Florida Tampa features 6,548 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

What does it mean to be in an income restricted apartment?

Income restricted apartment means that these apartments are available to help low-income families. The goal is so those families to find the affordable apartments. It is possible for you to stay in this kind of apartment. However, you should meet the requirement of eligibility as the tenant.