There are several rental assistance programs available through federal, state, and local governments and non-profit organizations. When it comes to getting HUD assistance, it’s important to know your different options.
Below, you’ll learn more about these programs and provide get more information about programs that may help paying rent. We’ve gone ahead and broken down the basics of each program below so you can get a better idea about your options. Continue reading to learn more about public and private housing and their key differences.
The HUD provides several housing assistance programs. Two of the most well-known programs they provide include public and private housing. Each program aims to help low-income individuals and families afford a place to live. Here are some of the key differences you should know about.
Public Housing: The Public Housing program helps families and individuals find affordable apartments by providing units directly through the HUD. Instead of standard renting scenarios, you would be renting an apartment or home directly through your Public Housing Agency.
You can learn more about local eligibility requirements, including income guidelines, and how to apply by contacting your PHA directly. Like most HUD programs, you can submit a rent relief application through multiple PHAs to increase your odds of receiving help immediately instead of being placed on a waiting list.
Subsidized Housing: Unlike Public Housing, Subsidized Housing is a rent relief program with privately owned houses and apartments. Private landlords receive funding directly from the HUD to provide families and individuals with affordable housing.
Calculating eligibility requirements and rental assistance amounts is similar between these two programs, and neither program provides a fixed amount. If you qualify for help, the amount of assistance you can receive will be based on your income.
However, generally, tenants receiving assistance will pay no more than 30 percent of their incomes towards their rental costs. So, for example, if your income is $1,000 a month, you would be expected to pay around $300 of your own rental costs.
Like many HUD programs, you’ll need to contact your PHA directly to submit an application for Public Housing.
