Subsidized Housing

image1

MVHO administers and accepts various subsidies to assist low-income individuals in maintaining housing they can afford. Those who are eligible for subsidies typically pay no more than 30%* of their monthly income for housing and utilities.

The requirements for subsidized housing depend on the guidelines from the issuer of the subsidy. For example, some require the individual to be homeless, while others may require a certain physical or mental disability. MVHO works closely with the subsidy administrators to assure compliance with all applicable regulations. Almost all MVHO housing is subsidized.

*A housing unit is considered "affordable" if it costs no more than 30% of the renter's income. According to the National Low Income Housing Coalition's Out of Reach 2011 report, the Fair Market Rent for a two-bedroom apartment in Montgomery County is now $714. To afford this level of rent/utilities, without paying more than 30% of income on housing, a household must earn $2,380 per month or $28,560 per year. A minimum wage worker -- earning an hourly wage of $7.40 -- would have to work 74 hours per week, 52 weeks per year.