Thanks to the uneven job market, the economy has made income restricted apartments valuable

commodities for many people with financial problems. Subsidized housing has created a lifeline

for many who have seen their wages slashed or have been unemployed for significant periods of

time.

Subsidized by the federal government, this social program has allowed many struggling families

to maintain an independent lifestyle on a lower wage. wage restricted apartments allow people

who make less than a predetermined amount to rent for much less than typical for a comparable

unit. This is typically referred to as “section 8” housing and can include units in affluent areas

that are offered to tenants who earn less money.

This form of federal assistance offers several benefits to its residents. Because the units are

subsidized, they are much more affordable than traditional units. This makes it easier for low

paid families to maintain an economical lifestyle. Additionally, these units are generally found in

more desirable parts of town than many other low price units, often making it possible for renters

to avoid some of the problems associated with low income areas. This combination of benefits

allows many families to enjoy a better standard of living than might be possible without these

government sponsored alternatives.

For many of the families that have been hardest hit by devastating financial problems during the

recession of the past few years, assistance from the government has allowed people to maintain

a higher level of living as they look to rebuild lives affected by tough times. For people in these

circumstances, rental assistance allows them to find an affordable place to live until their pay

rate begins to rise. For people in such a predicament, income restricted apartments are a perfect

alternative as they start on the road to recovering their former standard of living.