Housing Tax Credit Program
The Lifestyle You Deserve at a Price You Can Afford
This affordable housing program is for seniors 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 submitted, it will take 1-3 weeks to process your file for review and approval. If application completion or documentation submission is delayed, your move-in date may be pushed back.
Current Income Limits
1 person - $37,800
2 people - $43,200
3 people - $48,600
4 people - $54,000
5 people - $58,320
6 people - $62,640
7 people - $66,960
|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.