I have an elderly lady whose husband died and she has to move out of her own with a short sale. Her income is $1600 per month. She can pay up to $800 a month.
Here is what I have learned:
1. 1 bedrooms with no income assistance is $850-$975 a month.
2. Moderate income is $44,000 for 1 person and $60,000 for 4 people. They must have good credit and they can rent a 3 bedroom, 2 bath with water, gas, cable, trash included for $900 a month.
3. Low income - you cannot have had a bankruptcy for 3 years or owned a home in the past 2 years.
What about this poor lady and others who need a 1 bedroom and have had hard times. Not only do you lose your home, you cannot rent a low income apartment for 2 years. Only in America.
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