Low Income Housing Programs

Living homeless or alone is very difficult or unsafe. Shelter is one of the basic needs of every human being. The shade of roof brings with it, a feeling of safety, peace of mind and relaxation. Most likely, house shopping tops the record of priorities for almost all of the people. For financially strong families, buying a house is an easy task. But for the low-income families, buying an apartment is not so easy. Yet, a shortage of low priced homes has been a drawback that has bothered the nation because a long time.

The low-income housing program is offered by the HUB, you can afford the own home from these HUBs.

Government Assistance

To limit the concern of homelessness in the USA and to help people who find themselves on the verge of it, the department of Housing and concrete progress (HUD) was constituted by the US govt. In step with the HUD, there are three such applications for families falling underneath the low-income bracket viz

• Privately Owned Subsidized Housing
• Public Housing
• Housing Choice Voucher

1. Privately Owned Subsidized Housing

In this scheme, the owner of a personal property agrees with the HUD to provide lodging to cut back sales corporations, on low-priced prices. In return, the HUD presents subsidies from the government that the owner can use for managing expenditure on rental apartments. As a result of these subsidies, it can be possible for the landlord to lower on apartment expenses. Find affordable apartments for rent here.

2. Public Housing

Apartments on employ are a possibility in today’s era and public housing schemes have increased the hopes of low-income households. This software presents help persons with disabilities, senior residents, and to families in the low revenue bracket. Financial help is provided to regional housing organizations (HAs) that support such households to control the rent that is complicated for them to organize. 

3. Housing Choice Voucher

In the housing alternative voucher software, each household is furnished with vouchers that can be used to pay the employ. Funded by the federal government, the objective of distributing vouchers is carried out via practically 24,000 regional, state, and regional housing companies. As soon as a family gets the voucher, it has 60 days to find a house. The ability of utilizing the voucher is that the loved ones have to pay most effective 30% of the total hire. 

For availing the advantages of such packages, one has to contact the HUD office or instantly go surfing to their website and register. Via journeying the website, you could also seek for the nearby HUD workplace tackle and make contact with quantity. There are many counseling facilities supplied by the HUD, so make certain that you are taking the advantage of such services. 

CIRCL offers affordable houses in many cities of Canada and also provides low price rental properties in Toronto. For more information please visit here: https://www.circlapp.com/tenant-prospect-search

Pros and cons of Renting an Apartment Vs. Owning a Home

A Lifelong goal of many citizens is to achieve the homeownership. While many people want to buy their own home, there are some people who don’t want to buy the home they would like to live in renting homes.

Since many years, families are either needed to build their own homes or rent a home from someone else. While both renting and buying homes or apartment have their own financial advantage, renting apartment does appear to have an edge when the economy is poor.

There are many financial benefits when you rent or buy your own house.  Here are some advantages and disadvantages of renting and buying a house for rent.

Pros of Renting

• No Responsibility for Maintenance or Repairs

As a tenant, you are not responsible for repair or home maintenance cost. If any of appliances is out of order, you don’t have to call the repair person- you just have to call your landlord they will repair all the appliances.

• Relocating Is Easier.

When you live on a rent then relocating is easier and potentially less costly. Therefore renter easily changes jobs often typically rent until their professional lives stabilize.

Cons of Renting

• No Federal Tax Benefits

While a landlord can deduct property taxes and income tax returns, tenant is not eligible for any housing related tax credit or deduction.

• Limited Housing Security

Many landlords are assigning a lease agreement. Some landlord gives the housing security to the tenant and some will not give any kind of security, these securities are written in the agreement.

Pros of Buying

• Building Equity Over Time

Owning a house offers the long-term benefits of security, equity and potential growth in personal wealth.

• Federal Tax Deductions

Itemizing your federal earnings taxes can deduct your own home taxes and the interest paid on your mortgage, reducing your total income tax burden. This certainly advantages those in bigger tax brackets.

• Potential for Rental Income

Although initially, you don’t think of your home as an investment property, which you can turn it right into a source of income. This can partly or completely offset your tax and insurance payments on it.

Cons of Buying

• Responsibility for Maintenance and Repairs

As a landlord, you are responsible for covering all the cost of maintenance and repairs. Some landlords also take a responsibility of security.

• Potential for Financial Loss

Some property rates had decreased after some time of purchasing a house. So these landlords have to face financial losses.

Ultimately, the decision whether to rent or to own a property is not just financial – it’s also emotional. Still, if you are looking to rent your home or apartment? Visit CIRCL a Toronto-based rental apartment Company who offer services for all your rental management needs and alerts about similar rental properties.

What You Should Know When Looking For a House for Rent

Finding a perfect house for rent is an annoying task for many people like, moving in and paying the rent each month. Finding an ideal house where you and your family can enjoy life to fullest requires a little effort. Here are some guidelines that can help you in finding the right home for your loved ones:

• You should speak with local persons and ask questions about the area.
• Confirm whether your monthly rent is payable or not?
• Is the size of your home is sufficient?
• Take a report of that area and ensure that there is no criminal activity, and for safety compares the place to the other places. 
• Confirm to the owner; the parking space rent is included in a total amount. 
• Gather information from the previous tenant about the landlord. 

Terrible traffic can occur during peak hours in the street your house is facing. Make sure your neighborhood is peaceful and quiet. If the wind blows from the certain direction it brings along bad odors from a nearby sewerage or dumping site. Talk with local persons and gather all the information from concerning area. 

INVESTIGATE THE LANDLORD OF THE HOUSE 

When you are taking a house on rent, sign a legal lease agreement with the landlord for a period of time. Ensure that in the lease agreement all the responsibilities of landlords are written. 

SIGNING THE LEASE OF THE HOUSE 

The lease you’re about to sign represents the law. Be smart and spend some time to review it. If you don’t like some clauses so take out those clauses and if you want to add some clause so you can. You will need all promises in writing. Get clarity on the following: 

• Make sure you are familiar with limitations on the use of the property.
• The lease must state clearly who is responsible for fixing the appliances of the house.
• Protect your deposit by taking photos of any existing damages. 
• What are the conditions applied if the lease agreement is terminated? 

Ultimately, both landlord and tenant must understand the term and conditions of the lease and how the local landlord and tenant laws will influence the interpretation and enforcement of the document should a landlord and tenant dispute arise.

At CIRCL, you will find the best rental apartments, houses, and condos on rent and continue to enjoy CIRCL’s features once you’re settled in your new place.

5 Great Reasons to Rent a Room to International Students

According to Open Doors reports, in the last academic year, the number of international college students studying in the United State has been increased.  Colleges and universities are courting more foreign students because they provide worldwide perspectives in the classroom and on campus –which helps the domestic students for increasing globalized economy.

We only point to these benefits that schools are enjoying but you could experience the same ones by opening the doors of your home to this growing international student population. Instead of cross-cultural discussions in the classroom, you could have one-on-one discussion with a student, at say, the dinner or lunch table, gaining a new perspective on international affairs. CIRCL is a trusted rental platform in Canada where students can find the best apartments, houses and basements for rent within a budget.  We also provide you with exposure and offer services for all your rental management needs.

Here are some reasons to rent rooms to international students.

You can learn about another culture: 

The cross-cultural exchanges when you live with an international student. Many students are from different cultures so you may learn many languages and cultures. Maybe it’s an international story headlining your newspaper that becomes an intellectual conversation over breakfast. 

 You can learn a new language:

Increase your brainpower! Learning a new language can help you in sharpening your memory, and even improve decision-making. Learning a new language can also help you in conversation with your housemate.

Teach a new language:

Your roommate has probably known English as well as other languages. They can help you in studying different languages. Your roomie can help you in exams for better preparation after knowing the other language.

Develop lifelong friendships:

Living with someone creates a special bond and can lead a lifelong friendship. Nowadays, it’s easier to stay in touch with friends with the use of social media and email. So when they move around the world, you can contact them easily by the use of technology. 

Earn some extra money: 

If you own home near a college or university and there are extra bedrooms in your home, you can rent it out and earn some money. In Canada, there are many popular universities for example University of Toronto, McGill University, and University of British Columbia etc. And student wants to stay nearby these areas.

Hope this article help you understand why renting to international students is beneficial. You can also take benefit of screening tenants using our Verified Profiles feature. Visit here for Tenant Verification service.