Affordable Housing Question

[kelbellene]

What is the name of your state? Iowa

I am looking at a townhouse community that has maximum income qualifications in place. At the moment I meet these requirements. However, I am currently on the job hunt. When it comes down to it, I will be signing the lease a few weeks before I would start a new position. What would happen if I find a position that exceeds the income qualifications? Will it not matter because the lease was signed while I met qualifications, or should I try to make sure whatever job I accept is still under the max amount?

I would just forget about it and look at other communities, but nice pet-friendly housing is few and far between in the area.

 

[seniorjudge]

What is the name of your state? Iowa

I am looking at a townhouse community that has maximum income qualifications in place. At the moment I meet these requirements. However, I am currently on the job hunt. When it comes down to it, I will be signing the lease a few weeks before I would start a new position. What would happen if I find a position that exceeds the income qualifications? Will it not matter because the lease was signed while I met qualifications, or should I try to make sure whatever job I accept is still under the max amount?

I would just forget about it and look at other communities, but nice pet-friendly housing is few and far between in the area.

What is your legal question for us?

 

[kelbellene]

I'm assuming I'll be signing a contract saying I make under the maximum amount. What will happen if I later on make more than that.

 

[JETX]

You'll get taken to a pit and stoned to death.
How the hell are we supposed to know!!! Ask THEM what will happen.

 

[FarmerJ]

More than likely you will have periodic reviews and if they determine that with a income increase the amount of rent you pay will have to increase then thats what they will do. at some point if you exceed a income cap they may have you pay market rent. but again you need to talk to the programs office to learn what will happen.

 

[LindaP777]

Is this government assisted housing?
(What other type of rental community has an income cap? I prefer the old income minimum, myself.)

 

[HomeGuru]

You'll get taken to a pit and stoned to death.
How the hell are we supposed to know!!! Ask THEM what will happen.

**A: too cool.....