Myth:
Affordable housing is section 8 or subsidized housing
Truth:
Affordable housing can be section 8 or subsidized just like any other property, but affordable/tax credit housing itself has no inherent subsidy going to the property or resident. Rents are based on the incomes of the communities where the development is located. If a prospective resident cannot pay the development rent, they cannot live in the community, just like in market rate housing.