Definition
HUD-funded housing owned and operated by public housing authorities, serving low-income families at affordable rents.
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Public housing is government-owned and operated. Rents are based on tenant income (typically 30% of income). Public housing provides affordable housing to very low-income families. Public housing occupancy rates and maintenance vary. Public housing communities have mixed perceptions.
Pro Tip
Public housing is affordable option but availability limited; waitlists can be years long.
Example
Low-income family living in public housing apartment with rent of $300 based on 30% of $12,000 annual income.