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Topic:
Housing
Answered by: Columbia Housing Authority on May 26
Q: How much does it cost to rent an apartment?
show answer...A: close answer...Under the formula-based method of rent calculation, the rent amount is based on 30% of your yearly adjusted gross income. Rent amounts are determined after an application is processed.
Elderly Deduction
Disabled Deduction
Child Deduction
Full time student
Child care deduction
Utility Allowance
You may elect to take a flat rent, which is NOT based on income, but on the market rates for apartments. The advantage to this type of rent is that you can save a lot of money in comparison to other rental properties. Also, a review of your income is conducted only every three years.
Flat Rent Rates
1 BD. $320.00
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2 BD. $370.00
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3 BD. $460.00
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4 BD. $500.00
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5 BD. $580.00
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Effective Jan.1, 2008
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