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What is the difference between Section 8 and Affordable Housing?

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What is the difference between Section 8 and Affordable Housing?

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Section 8 housing provides project-based rental assistance. This means that the rent is subsidized and the amount of rent you pay is based on your monthly income, minus certain deductions. Affordable housing offers different income qualifying levels. Rent at these communities varies depending upon the income level target for each apartment and provides affordability to a wide range of residents. Market rate apartments are also offered at most of our Affordable housing communities. This means that no income restrictions apply to these apartments even though the market rate rents are usually very affordable.

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