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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 income must be less than the pre-set income limit for the area.

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Current Income Limits


1 person - $52,920
2 people - $60,480
3 people - $68,040
4 people - $75,600
5 people - $81,660
6 people - $87,720
7 people - $93,780
8 people - $99,840
2020 income limits as posted by HUD

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.