Q:

What are some good ways to find affordable housing?

A:

Quick Answer

The type of affordable housing available to you may vary depending on your location, income and family situation, but try contacting nonprofit housing development organizations, according to East Bay Housing Organizations. Also try contacting your city's housing department if you are looking for a home to buy.

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Full Answer

Your local housing department can also help you locate any available subsidies or other rental assistance programs applicable to you, explains East Bay Housing Organizations. Try searching the U.S. Department of Housing and Urban Development's website to find out about federal voucher programs, suggests Jacqueline Curtis for Money Crashers.

If there are no assistance programs available, try looking outside of major urban areas, notes Curtis . Suburbs are often less expensive than the city itself. Consider looking for a roommate to help share costs, and consider settling for a smaller home than you would prefer since larger ones tend to cost more. Try negotiating with your potential landlord, too. Offer to pay a few months' rent upfront in exchange for a discount.

Make sure you know what you can really afford before you start looking, recommends Curtis. Ideally, your rent should be no more than 20 percent of your monthly income. If your current budget puts most housing out of reach, consider where you can cut other luxuries to help make up the difference.

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