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Income-Based Rent
Income-based rent is set so that an eligible household would pay no more than 30% of their adjusted income toward housing costs, including utilities, each month. Unlike units with flat rents, the amount a household contributes towards housing costs may fluctuate with changes to household income, size, or circumstances.
Popular housing programs that offer income-based rents include Public Housing, Project-based Section 8, and Section 8 Housing Choice Vouchers.
Related Definitions:
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