If someone buys an income restricted property and they then get a raise / start earning more than what they originally had at the time of purchase, do they have to sell the property or can they keep it?

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It varies by housing program, but overwhelmingly, no, you don't have to sell the property if your income rises so long as you qualify at the time of purchase. There are typically rules that restrict the amount the unit can appreciate over time, require you to live in the unit as your primary residence, no renting it, etc.

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