Raineth follows Federal guidelines by measuring affordability at different percentages of family Adjusted Median Area Income, or “AMI.” According to Federal standards, a family can afford to spend no more than 30 percent of its gross income on rent. A family earning as little as half (50 percent) of AMI can afford 78 percent of Raineth’s houses. We keep our monthly rental fees low, to help families make ends meet.
Most of Raineth’s tenants are working single mothers earning between $25,000 and $35,000 per year. Approximately 80 percent of Raineth’s tenants receive no government housing assistance. Without Raineth, these families would struggle to find safe, clean, affordable housing.
Vacant houses can be neighborhood eyesores and often hot spots for crime. By transforming these houses into safe, clean, affordable and occupied homes, Raineth is proud of its role in preserving dozens of once blighted neighborhoods.