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    100_Affordable Housing

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    Abu Yousif Shibrain

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    © All Rights Reserved
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    100_Affordable Housing

    Uploaded by

    Abu Yousif Shibrain
    3 views1 page

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    Copyright:

    © All Rights Reserved
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    Download as pdf or txt
    3 views1 page

    100_Affordable Housing

    Uploaded by

    Abu Yousif Shibrain

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Affordable Housing Program

    Do I Qualify?

    Eligibility Criteria
    • Household must meet Resident Selection Criteria, including credit and criminal background screening.
    • Applicant’s household size must be appropriate for the apartment (minimum of one per bedroom and maximum of two
    per bedroom plus one).
    • Households must have gross income between 40 and 50% of the Area Medium Income for family size. See Chart below.
    • Households must disclose all income and assets and asset income is included in the calculation of total household
    income. Assets in restricted retirement accounts (applicant cannot access the account without retiring or terminating
    employment) are not included in the calculation of total household assets.

    Current Income Limits*

    HOUSEHOLD SIZE 40-50% MAXIMUM INCOME LIMITS*

    1 Person $41,840 - $52,300

    2 Person $47,800 - $59,750

    3 Person $53,760 - $67,200


    * HUD Income Limits (Income Limits are subject to change annually.)

    • Rent is based on the total household income.


    • All household members age 18 and over must sign a Tenant Income Certification (TIC), certifying that household
    composition, income, assets and other information contained on the TIC is true and accurate.
    • All household members age 18 and over must sign a Lease Agreement, an Affordable Housing Program Lease
    Addendum outlining Program requirements, a VAWA addendum, and any other required move-in documentation.
    • Recertification is required annually to determine continued eligibility. Household income may increase to the 80%
    AMI limit adjusted for household size.

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