Summary
Owners receive federal tax credit if they rent a percentage of apartments to low-income tenants. Eligibility is determined through annual income reexaminations, and rent increases require approval. Owners cannot refuse tenants with Section 8 vouchers, and lease termination requires valid reasons.
motenanthelp
Last updated 06/23/2023In this page
Low-income housing tax credit
The owner receives federal tax credits for preserving and renting a certain percentage of the apartments to low-income tenants. The rent you pay is not based on your income or changes in your income.
Eligibility
To apply, you must visit the apartment complex's management office that interests you. Once a year, the owner will reexamine your income and family circumstances to see whether you still qualify for low-income housing tax credit housing. Rent increases must be approved by the Missouri Housing Development Commission (MHDC). Owners cannot refuse to rent to you just because you have a Section 8 voucher. Owners must have “good cause” to terminate or not renew your lease.