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Income-Based Apartments Can Save You Lots Of Rent

3. Income-Based Rent Calculation Process

In income-based apartments, rent is primarily determined by the renter's income, unlike income-restricted housing. HUD calculates the rent, often using 30% of the renter's adjusted gross income, which includes income minus any necessary adjustments like taxes and allowable expenses.

Income-Based Apartments Can Save You Lots Of Rent_4
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