Question: Is the rent based on my income?
Answer: No. Unlike other housing programs, tax credit rent is based on the average income in your county or other local area. This average is known as the "area median gross income" (AMGI), which HUD updates each year. Your actual income matters when it comes to determining if you qualify for a low-income apartment at a tax credit property. But the actual rent you pay is not based on your income.
