Founded more than 30 years ago, Monroe Group is a privately-held corporation that manages more than 50 low-income housing communities across the country.
Monroe Group provides affordable housing options to family, senior (age 62+) and special needs housing (people with physical and mental limitations).
No. Monroe Group does not provide emergency housing or temporary housing.
You can search for these units right from Monroe Group’s website, www.monroegroup.com, and call the property for availability, income requirements or restrictions and how to obtain an application for our housing. Each Monroe Group property has its own leasing office and application process. Keep in mind that waiting lists for Project Based Section 8 units can often be long or closed.
Affordable housing is housing that is affordable no matter your income. Housing costs at or below 30% of one’s income to be affordable.
Subsidized housing describes housing that has rental assistance, or when all or a portion of the occupants monthly housing cost is paid for directly by the government. An example of this is Section 8 housing vouchers, where a renter only pays the portion of the rent that is determined to be affordable to them based on their income.
There are many resources for low-income housing in each state. Find out your city’s affordable housing opportunities by going on line and searching for low-income housing. Usually each program and each property has their own application process and eligibility requirements. Also, check with your local social service agencies because they can help you connect with low-income housing programs.
LIHTC is America’s most successful affordable housing program having created millions of affordable rental units since its inception in the late 1980’s. Low Income Housing Tax Credits (LIHTC) is a Federal housing assistance program that provides tax incentives to affordable housing owners. It is strictly used to finance the construction of rental properties, not to property management or to renters. LIHTC properties are usually available for families earning 60% or less of the Area Median Income (AMI).
You can qualify for LIHTC housing if you earn less than 60% of the median income for your area. To qualify for rental subsidies such as Section 8 Housing (when you only pay 30% of your income for rent), you’ll need to earn less than 50% of the median income. Many programs target even lower income people, even as low as 30% of the median income, so make sure you ask the property manager what is available and to find out if you qualify.
All government housing programs qualify recipients based on their income. The government determines an Area Median Income (AMI) for each housing market by reviewing both living costs and income levels. For example, the area median income for San Francisco in 2014 is $88,500 while the median income in Dallas is $67,900 so the AMI for each city is different.
Project Based Section 8 housing (PBRA) helps more than 2 million people in 1.2 million low-income households to afford apartments. It is a government-funded program that provides rental housing to low-income households in privately owned and managed rental units. The subsidy stays with the building, so when you move out, you no longer have the rental assistance. Most units rental cost will be 30% of your household adjusted gross income. There may be a variety of housing types available through this program including single-family homes, townhomes, or apartments. To find out more, contact your local housing authority.
All Monroe Group properties are Project Based Section 8, so you will need to apply at the property to find out if you qualify for the program. Some units may be reserved for households that are elderly or disabled. There can be a waiting list, so check out the property’s website to find out if there is availability. Once you are selected from the waiting list, you will be offered a unit if you qualify for Project-Based Section 8 Housing.
To qualify you must fall within the Department of Housing and Urban Development’s required income limits for the program. For example, rent at 30% income: household with one full-time worker at $7.25/hour might pay $348 per month.
Yes. Monroe accepts Section 8 vouchers in tax credit subsidized buildings. Monroe, just like most low-income housing providers, uses tax credit subsidies and HUD subsidies to make our housing affordable. There may even be many subsidies all working together to make the housing affordable. There are also rules attached to all these programs; subsidies that are strictly enforced.
Ask the property manager what their screening criteria are, and if there are any issues that automatically disqualify you. We do a background check for each adult who will be occupying the unit.
Monroe Group does conduct credit and background checks to keep our residents and communities safe. All applicants are treated equally and decisions are based our tenant selection plan. Inquire about screening criteria before you apply for housing to see if you qualify.