What does subsidize apartments mean?

A subsidized apartment is one in which the tenants pay little or no money up front and may have to pay the difference between the actual cost and the subsidized amount. The rent for a subsidized apartment is often based on income levels and the tenant must meet certain eligibility requirements.

What does subsidized apartments mean on resume?

By subsidized we mean an apartment that the government helps cover some of the cost of. Whether you qualify depends on whether you meet certain eligibility requirements. For example, you may need to demonstrate that you’re in a certain income bracket, have a certain credit score, or have been in the US for a certain amount of time.

What does subsidized apartment mean?

A subsidized apartment is one that is partially or entirely paid for by the government. In order to be subsidized, you must meet certain eligibility requirements. Most commonly, you must be a low-income renter who qualifies for a certain level of assistance through programs like Section 8 housing vouchers or the federally-funded Housing Choice Voucher Program.

What does subsidized apartments mean?

Rent-subsidized apartments are apartments that are rented at below-market rates to low-income households. The government, nonprofits, or private organizations help subsidize the difference between the subsidized tenant’s actual cost of rent and the market rate.

What does subsidized apartments mean in english?

A subsidized apartment is one where the tenant pays a portion of the rent based on their income and the remaining portion is paid by the government or the apartment owner. This is the most common type of government-subsidized housing in the United States.