Applicants must meet the following requirements to be eligible for occupancy and housing assistance at the community.
HUD establishes and publishes income limits annually based on family size for each county in the United States based on the median income of the geographic area; these income limits are used to determine eligibility for assisted housing programs, including Section 8 voucher assistance. To be eligible for assistance, the family’s annual income must not exceed program income limits.
The Low-Income Housing Tax Credit Land Use Restriction Agreement (LURA) includes all 111 tax credit units in the project. Of the 111 units, 45 fall under the RAD program, 30 under HOME, and 36 tax credit units that do not include the RAD or HOME subsidy.
RAD Units
With respect to the 45 RAD Units, the following income limits will apply, as such terms are further defined at 24 CFR 5.
45 units comprised of the following:
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9 Two-bedrooms at 20% AMI
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2 Three-bedrooms at 20% AMI
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23 Two-bedrooms at 50% AMI
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11 Three-bedrooms at 50% AMI
HOME Units
The HOME program provides for the following resident income restrictions:
30 units comprised of the following:
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5 One-bedrooms at 50% AMI
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1 Two-bedroom at 50% AMI
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18 One-bedrooms at 60% AMI
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5 Two-bedrooms at 60% AMI
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1 Three-bedroom at 60% AMI
Low Income Housing Tax Credit Units
The remaining tax credits units have the following income restrictions:
36 units comprised of the following:
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28 One-bedrooms at 60% AMI
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6 Two-bedrooms at 60% AMI
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2 Three-bedrooms at 60% AMI • 4 Studios
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4 One-bedrooms
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14 Two-bedrooms
Market Rate Units
In addition to the 111 Tax Credit units, there are 22 unrestricted market rate units in Building A.
22 unrestricted units comprised of the following:
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4 Studios
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4 One-bedrooms
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14 Two-bedrooms