Who qualifies for smart housing Austin?
Check if you qualify for S.M.A.R.T. Housing program was started by the Austin City Council to provide housing for low- to moderate-income residents. To qualify, students must be receiving need-based financial aid or they cannot make more than 50-80% of the median income in Austin.
How do you get approved for smart housing?
There are three ways to qualify for SMART Housing – low income, financial aid or disability. If you are on need-based financial aid, you automatically qualify. Otherwise, you will need to prove that your income is below a certain median income for the area in which the particular property is located.
What is Austin’s affordable housing program?
Austin Affordable Housing Corporation (AAHC) is a nonprofit subsidiary of the Housing Authority of the City of Austin (HACA) created in 2003 to ensure and preserve quality, affordable housing opportunities for low- to moderate-income families in Austin as well as provide financial literacy and homeownership …
Does Austin Texas have low income housing?
HACA has 18 public and subsidized housing properties totaling 1,839 apartments throughout the city of Austin. Eligible applicants may choose where they would like to live. Residents pay about 30 percent of their monthly household income toward rent.
What is the median family income in Austin TX?
Austin Family Income The ACS 1-year data shows the median family income for Austin was $99,227 in 2019. Compared to the median Texas family income, Austin median family income is $22,500 higher. As with the median household income data, 2020 family income data for Austin will be released in September of 2021.
Who qualifies for low income housing in Austin?
To find out if you qualify for affordable housing, you need to know that it is all based on a formula – set by the median family income, or MFI – which, for a family of four in Austin, is $95,900 a year. Any family making 80% of that, or $75,500 a year or less, qualifies to get into these affordable housing units.
How do I apply for affordable housing in Austin TX?
Please visit https://www.hacanet.org/resident/ for more details on eligibility requirements. PLEASE NOTE: All of HACA’s housing programs have extensive waiting lists. Waiting time depends on the date and time of your application and waiting list preferences Waiting times vary from as little as 6 months to over 3 years.
Whats the difference between social housing and affordable housing?
Affordable housing and Social housing are different, yet similar. Affordable housing is privately owned and Social housing is council owned. This is not to get confused with Affordable Social Housing which is privately owned Affordable Housing but is rented to the council for Social Housing.