Apartments.com Releases Affordable Housing Search Functionality

Apartments.com Releases Affordable Housing Search Functionality

Renters Can Find and View Affordable Housing Solutions Online

CHICAGO, Feb. 9 /PRNewswire/ -- Apartments.com, a leading online real estate rental site, has added affordable housing search functionality to its nationwide database of apartment listings. Visitors to Apartments.com can use the new "Type of Housing" choice on the Search Criteria page to find apartment communities that offer affordable housing solutions for low-income residents.

"Providing Apartments.com visitors the option to search properties based on income qualifications allows renters to streamline their search process to easily find properties that match their needs," said Tim Fagan, Senior Vice President and General Manager for Apartments.com. "This addition is part of an ongoing process for Apartments.com to maximize the search process for our visitors and ultimately provide highly qualified leads to our advertisers."

Apartments.com advertisers will be able to identify if income qualifications apply for some or all of the rental units in their community. Properties can also display an income grid in their advertisement that shows the Maximum Income Qualifications for 1 - 6 persons.

According to United States Government guidelines millions of American tenants are considered "rent burdened", which means more than 30% of a family's household income is used for housing costs. The U.S. Department of Housing Urban Development (HUD) estimates almost half the 33.4 million rental households nationwide have are eligible for affordable housing. According to Rental Housing Online ( http://www.rhol.org/ ) 1.1 million people receiving housing assistance live in public housing units; 1.4 million receive assistance through housing vouchers or Section 8 certificates; and 1.6 million live in private, project-based units under HUD subsidy programs and low-income housing tax credits.

The addition of an affordable housing option to the Apartments.com search criteria allows renters to quickly and easily identify properties that match their rental requirements. When a renter selects the "Income Qualifications Apply" option from the "Type of Housing" choices, only properties with rental options based on income will be returned.

About Apartments.com

Apartments.com is a leading national online apartment resource distinguished by its personalized searches, highly visual ads featuring 360- degree virtual tours and professional photography, and comprehensive community listings, which make it possible for in-market renters to access rental inventory from across town or across the country and make informed decisions quickly. The site's foundation of solid partnerships with the local newspaper and television station Web sites of more than 170 affiliates across the country includes the Chicago Tribune ( http://www.chicagotribune.com/ ), The Washington Post ( http://www.washingtonpost.com/ ) and the Los Angeles Times ( http://www.latimes.com/ ). Apartments.com, a division of Chicago-based Classified Ventures, LLC, delivers highly qualified, ready-to-rent prospects to nearly 13,000 trade customers, which increases closure rates and decreases the average cost of leasing an apartment.


Source: Apartments.com

CONTACT: Mark Bouffard for Apartments.com, +1-312-222-9590, or fax,
+1-312-222-9592, mbouffard@media-impressions.com , or Maureen Boyle of
Apartments.com , +1-312-601-6109, or fax, +1-312-601-6047,
mboyle@apartments.com

Web site: http://www.apartments.com/


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