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Definitions - Property Type

Apartment -- four or more single units in a common building
Assisted Living -- any type of property that also provides supportive services such as health care, meals and a wide variety of other services. Generally cost significantly more than other properties of the same type due to the level of care and service provided.
Boarding House -- a private house that provides accommodations and meals for paying guests
Condominium - a complex of dwelling units in which each unit is individually owned (as contrasted with rented)
"Double" -- side-by-side duplex style
Duplex -- two units either side-by-side or top-and-bottom
House -- single-family dwelling -- freestanding
Loft -- a floor or room placed above another; a story. Especially, an upper story located in a building with a business below, often having no partitions.
Mobile Home -- a large house trailer that can be connected to utilities and can be parked in one place and used as permanent housing
Modular Housing - a type of housing in which major components are assembled in a factory and then shipped to the building site to be joined with other components to form the finished structure. Sometimes called "prefabricated" or "prefab" housing.
Quadplex -- four units in a common building
Retirement Community -- for seniors usually 60 or older but varies in both age and type of housing. Can range from cottages and homes to shared rooms depending on the organization.
Single Family Flat (Multi-Family Flat) -- A floor, loft, or story in a building; especially, a floor of a house, which forms a complete residence in itself.
Single Room Occupancy (SRO) -- a multi-room and/or multi-floor facility that offers single rooms-for-lease. Typically a larger apartment-style building with shared kitchen facilities.
Studio/Efficiency -- typically one-room with an enclosed bathroom
Triplex -- three units in a common building

Definitions - Miscellaneous Income and Subsidy Information

Please Note: As a general guideline, all percentages are ranges but for space savings only certain exact percentages are listed. For example 20%-29%, 30%-39%, 40%-49%, etc. are listed as 20%, 30%, etc. and your actual percentage of Median Income may fall in between an exact percentage. Please check the qualifiers if listed and verify your eligibility with the particular provider.
Income Based - Rent is adjusted based on median income, age, disability or other tenant factors.
Median Income - The middle value when all incomes of all households in the geographic area are arranged from lowest to highest.
Rent Range - Including voucher or other subsidy, the low and high dollar amounts you want to find properties between.
Rent Subsidy - A grant made by a program to reduce or provide the cost of housing for a tenant.
Section 8 - "Section 8" is a program funded by the U.S. Department of Housing and Urban Development and is either tenant-based or project-based. According to HUD:

"Under the tenant-based housing choice voucher program, the PHA issues an eligible family a voucher and the family selects a unit of its choice. If the family moves out of the unit, the contract with the owner ends and the family can move with continued assistance to another unit.

Under the project-based voucher program, a PHA enters into an assistance contract with the owner for specified units and for a specified term. The PHA refers families from its waiting list to the project owner to fill vacancies. Because the assistance is tied to the unit, a family who moves from the project-based unit does not have any right to continued housing assistance. However, they may be eligible for a tenant based voucher when one becomes available"
Detailed Information from HUD
Sliding Scale - Rent is adjusted based on median income, age, disability or other tenant factors.
Tax Credit Property - Rental Housing Tax Credits are a financial incentive for developers to construct or rehabilitate housing developments for rental to low-income persons. RHTCs are authorized under the Internal Revenue Code Section 42.

Persons moving into tax credit units can generally have an income of no more than 60% of the area's median income. However, some regions go up to 80% of the area's median income so be certain to verify the range with the complex. Most developers also set aside a percentage of units that can be rented to lower income persons, including those who earn between 20% and 80% of the area's median income.

Definitions - Special Needs Populations

Special Needs Populations - There are many opportunities to work with tenants who may have special circumstances under which they live. If you would like to be promoted to organizations who work with specific client types, you may select any of the fields. Although the Fair Housing Act of 1988 FHA1988 applies to all perspective tenants, promoting your properties to programs and services that specifically work with special needs clients may afford unique opportunities to work with wonderful people.
Sponsored Tenants - Lease is between an Organization and Property Owner in which the Organization pays the rent and/or fees for a property to the Property Owner or Management Company on behalf of the Client. In essence the Client is "Sponsored" by the Organization and arranges "guest privileges" on behalf of the Client with the Property Owner or Management Company.

The Organization is the legal signatory of the lease and assumes responsibility for all conditions agreed to under the lease agreement and the Client is not protected as a tenant under the law as they are a "guest" of the Organization and may be removed immediately by the Organization for violating set rules under either the Organizations' Statement of or Code of Conduct OR the Property Owners' and/or Management Company's lease. The Property Owner and/or Management Company MAY choose to have no relationship with the "Guest" Client and choose to coordinate exclusively with the Organization which is the legal signatory of the lease.
Shelter Plus Care - provides long-term rental housing assistance together with supportive services for homeless people with disabilities such as mental illnesses, substance abuse and/or AIDS/HIV and their families. It connects social services to address these disabilities and conditions to ensure the stability of housing for these participants.

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