When you are looking to find affordable housing that suites you and your family requirements and needs and fits in to the constraints of your budget can be difficult. Keeping your rent or mortgage are or below 30% of your income is recommended, however, with rising rental and home prices often this simply is not practical. There are options available to you so as to serve as assistance for you in locating and qualifying for housing that won’t break the bank. The helpful tips blow should be considered when you are searching.

Familiarize yourself with your finances

The housing option you can afford is determined by your current budget ad financial condition and it should be considered. You are expected to consider the amount you are spending on the following necessities and bills monthly.

  • Childcare
  • Utilities
  • Credit card payments
  • Transportation
  • Groceries
  • Healthcare
  • Clothing and other items

Consider how much you have left over that would be available to go towards housing costs and keep in mind the recommendation of staying at or below 30% of your income. If you find there is not much left over, consider cost reducing steps such as reducing utility costs or carpooling with coworkers.

Check up on your credit

Keeping a good eye on your credit standing is very important as it has its role to play when you are looking in to your housing options. You will be able to take steps to improve your affordable housing option by knowing what your score is and any potential credit issues. Many programs have credit score and history obligations which makes this also helpful during your score. You can contact a credit counseling agency for assistance if you need to correct some credit problems. You will often have free or low-cost agencies in your area.

Thinks about what you and your family’s housing needs are

It is imperative for you to identify your requirements and those of your family before you conclude in your search or contact agencies.

  • How many bedrooms will you need?
  • What location is ideal in relation to school and work? Are you willing to move out of your current area?
  • What amenities or accommodations do you require?

Having a clear idea of what you need and what you may be willing to do without will help in narrowing your search.

Different affordable housing options

While there is a variety of different affordable housing options and programs out there, knowing some of the main options available and the difference between them will help with your search. Available programs will all have their own credit, income, and family size requirements, making you either eligible or ineligible for some of them.

  • Section 8 Housing – This is one of the most popular rental assistance programs available. Eligible recipients are given vouchers to help pay a portion of rental and utility costs. Many private renters accept Section 8 vouchers as payment.
  • Homebuyer Assistance Programs – These programs can be federal or state funded and vary greatly. Most of them will require a certain credit score and history and can help with a range of things from down payment assistance to reduced mortgages by grants.
  • Non-profit Housing – The purpose of these programs is to provide housing to seniors, the needy, and low income households who cannot find accommodations in private housing.
  • Public Housing – This type of housing is owned by the government and is aimed at providing assistance to low income households.


Look for potential ways to save whenever you go through your budget in preparation for your possible move. It is a smart idea to come up with a saving plan no matter the size will help you in preparing for any housing change.

You will usually not require much up front or anything in payment with many of the affordable housing options available. There might still be a need for you to pay a portion of the money. Moving expenses such as moving trucks, setting up utilities, small repairs and furniture or appliances can arise.

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