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Income Restrictions

Income Restrictions

 

Housing Tax Credit Program

The Lifestyle You Deserve at a Price You Can Afford

This affordable housing program is for individuals and families with moderate incomes allowing below market rents for those who qualify. The program is not a subsidized housing program as each resident is responsible for their full amount of rent each month. Rental amounts are based on the pre-set income limits in the geographic area and not based on your individual household income. To be income eligible, your total household 'gross' income must be less than the pre-set income limit for the area.

Application Processing: Once your application is accurately completed, signed by all required parties and all required documentation is uploaded online, it will take 3-10 business days (M-F) to process your file for review and approval. If application completion or documentation submission is delayed, your move-in date may be pushed back.

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Current Income Limits


1 person - $41,800
2 people - $47,800
3 people - $53,750
4 people - $59,700
5 people - $64,500

Type of unit applying for Minimum Occupancy Maximum Occupancy
Tax Credit and affordable units 1 person per bedroom 2 persons per bedroom plus 1
Market rate units Not Applicable 2 persons per bedroom plus 1

Example: In general, maximum number of persons is 2 persons per bedroom plus 1. This may vary based on the size and configuration of your rental unit. In the event of a change in household/family status impacting the number of occupants, residents will have until the expiration of the lease term to transfer to the appropriate apartment to comply with occupancy limits.

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