Median Income Based Rent

A combination of both Income Restricted and Income Based Sliding Scale; the property has specific restrictions to rent to tenants whose income is no more than a specific percentage of HUD’s Median Family Income [MFI] values for the region. This feature can list a range of incomes and their corresponding monthly rent values. For example, if the tenant makes between 30% and 40% of the MFI, then they might have to pay $316 per month. But if they make between 40% and 50%, then they would have to pay $360 per month.