Where can I find a cheap apartment?

Prime examples of an information retrieval service would be agencies that specialize in credit reporting, direct mail advertising, dating websites or apartment listing services, etc. Often times these companies will obtain information available to the public and redistribute said information via a database they have created for better and easier access to said information in one easy to navigate location. A good example of this practice would be Apartments.com.

These databases are maintained and updated by the information retrieval service. Sometimes this information can include fact finding or collecting profiles from clients, like a dating website. In most cases, the information obtained will be subject to frequent changes will need to be updated daily. A fee is typically charged for this process and their research. The goal is to provide accuracy and ease of use for their clients.

Different types of information retrieval services

The social aspect of the Online Packet comes from members creating profiles and messaging other members about what they are trying to buy, sell or rent. The database also provides members with the ability to make friends and chat.

The Online Packet - SEC 8 PKT never expires. After a one-time registration fee of $15.00, all clients have unlimited access to their Packet from now on.

What is subsidized housing?

If someone qualifies for this type of housing, they will only have to pay about 30% of their monthly income towards their rent, the Section 8 or subsidized housing program pays the rest.

Some co-operative housing may offer subsidized units, but its main mandate is not subsidization. Its operating mandate is to offer non profit housing, where the rents or housing charges as they are called, goes back into the maintenance of the building instead of the profit of a land lord. Co-operative housing is controlled by the members of the co-op, which is run by a board of directors. There is no outside landlord. In most cases, all residents of the co-op become members and are owners, and agree to follow certain by-laws. Some co-ops are subsidized housing because they receive government funding to support a rent-geared-to-income program for low-income residents. There are other co-ops that are market-rate and limited equity, these types of cooperatives do not receive government funding and are not subsidized housing. In addition to providing affordable housing, some co-ops serve the needs of specific communities, including seniors, artists, and persons with disabilities.

Examples of co-operative housing include: College Houses, Urban Homesteading Assistance Board (UHAB), and Habitat '67, and regular rental housing be they regular looking apartments, townhouses or high end buildings such as those overlooking Central Park in New York City.

Housing subsidies are government financial assistance to help provide housing. The largest housing subsidy in the US is the home mortgage interest deduction, which allows homeowners with mortgages on first homes, second homes, and even boats with bathrooms to lower their taxes owed. The cost to the federal government of the mortgage interest deductions in 2012 was approximately $110 billion. Some states also have the mortgage interest deduction provision. The majority of the home mortgage interest deduction goes to the top 5% income earners in the United States. Some housing subsidies are also provided to low income tenants in renting housing. These subsidies are often defined by whether the subsidy is given to the landlord and then criteria are set for the tenants they can lease to or whether the subsidy is given to the tenant, typically as a voucher, and they are allowed to find suitable private housing. The subsidy amount is typically based on the tenant's income, usually the difference between the rent and 30% of the tenant's gross income, but other formulas have been used.

In rare cases a financial institution or non-profit organization will provide mortgage loans at rates that are not profitable for the sake of a specific group. In Canada one such organization is Non-Profit Housing Subsidies Canada which provides subsidized mortgage loans to employees and volunteers of other non-profit organizations.

Non-profit housing is owned and managed by private non-profit groups such as churches, ethnocultural communities or by governments. Many units are provided by community development corporations (CDCs). They use private funding and government subsidies to support a rent-geared-towards-income program for low-income tenants.

Section 8 and Subsidized Housing Online Packet
Housing List Blog