INCOME LEVELS & RENTS
Effective 1-1-2020
CARMEN ROMANO APARTMENTS
MAXIMUM INCOME LIMITS | 1 BEDROOM | 2 BEDROOM
# of units | RENT # of units | RENT
60% of AMI 65 $946.00 16 $1,104.00
50% of AMI 13 $746.00 3 $887.00
25% of AMI 5 $344.00 1 $396.00
TOTAL GROSS HOUSEHOLD INCOME CANNOT EXCEED $42,420 FOR A SINGLE PERSON OR $48,480 FOR A COUPLE
INCOME LIMITS ARE BASED ON FAMILY SIZE
FAMILY SIZE | MAXIMUM INCOME LIMITS
60% of AMI 50% of AMI 40% of AMI
1 PERSON $42,420 $35,350 $17,675
2 PERSONS $48,480 $40,400 $20,200
INCOME IS DEFINED IN THE DETAILED FEDERAL PROGRAM REGULATIONS.
APPLICANTS MUST MEET ALL THE OTHER REQUIREMENTS FOR OCCUPANCY
MINIMUM INCOME REQUIREMENT:
60% 50% 40%
1 BR $28,380 $22,920 $10,320
2 BR $33,120 $26,610 $11,880
SAGE POND PLACE
Type 1
60%
Household Size | Annual Income Range | 1 Bedroom/49 units
1 $28,050 – $42,420 $935
2 $28,050 – $48,480 $935
Household Size | Annual Income Range | 2 Bedroom/10 units
2 $33,600– $48,480 $1120
3 $33,600– $54,540 $1120
Type 2
50%
Household Size | Annual Income Range | 1 Bedroom/ 13 units
1 $23,700 – $35,350 $790
2 $23,700 – $40,400 $790
Type 3
25%
Household Size | Annual Income Range | 1 Bedroom/ 5 units
1 $10,650 – $17,675 $355
2 $10,650 – $20,200 $355
No Income Limits Apply to Market Units rent @ $1,055 (1 Bedroom/7 units)
AMSTON VILLAGE
60% Tax Credit
Household Size | Annual Income Range | 1 Bedroom/8
1 $31,886 – $47,220 $930
2 $31,8860 – $54,000 $930
Household Size | Annual Income Range | 2 Bedroom/1
2 $36,857– $54,000 $1075
3 $36,857– $60,720 $1075
60% High Home
Household Size | Annual Income Range | 1 Bedroom/16
1 $21,943 – $52,850 $640
2 $21,943 – $60,400 $640
Household Size | Annual Income Range | 2 Bedroom/2
2 $28,286– $60,400 $825
3 $28,286– $67,950 $825
50% Low Home
Household Size | Annual Income Range | 1 Bedroom/4
1 $21,943 – $39,350 $640
2 $21,943 – $45,000 $640
Household Size | Annual Income Range | 2 Bedroom/2
2 $24,400– $45,000 $815
3 $24,400– $50,600 $815
STONECROFT VILLAGE
Household Size | Maximum Monthly Income
1 $52,850
2 $60,400
1 Bedroom
Minimum Base Rent - $593 (*minimum monthly income: $1483)
Maximum Rent $ 875
The minimum base rent is formulated from 40% AMI of the area maximum allowable rent.
The maximum rent is according to HUD Fair Market Rent of the area.
Rent is the higher of:
30% of household income minus the current utility allowance.
Not to exceed Market Rate
Minimum Base Rent
*Each household must be able to afford the minimum base rent not to exceed
40% of the household income.
Portable Vouchers and Subsidy is welcome.
HILLSIDE TERRACE
Minimum Base Rent $ 577 (*minimum monthly income: $1443)
Maximum Rent $ 903
1 Bedroom
Minimum Base Rent $613(*minimum monthly income: $1533)
Maximum Rent $1018
Maximum Income Limits:
1 person $52,850
2 people $60,400
The minimum base rent is formulated from 50% AMI of the area maximum allowable rent.
The maximum rent is according to HUD Fair Market Rent of the area.
Rent is the higher of:
30% of household income minus the current utility allowance.
Not to exceed Market Rate
Minimum Base Rent
*Each household must be able to afford the minimum base rent not to exceed
40% of the household income.
VICTORIA GARDENS
60% Tax Credit
Household Size | Annual Income Range | 1 Bedroom/23
1 $29,550 – $42,420 $985
2 $29,550 – $48,480 $985
Household Size | Annual Income Range | 2 Bedroom/2
2 $35,670 – $48,480 $1189
3 $35,670 – $54,540 $1189
50% Tax Credit
Household Size | Annual Income Range | 1 Bedroom/27
1 $24,450 – $35,350 $815
2 $24,450 – $40,400 $815
Household Size | Annual Income Range | 2 Bedroom/2
2 $29,160 – $40,400 $972
3 $29,160 – $45,450 $972
25% Tax Credit
Household Size | Annual Income Range | 1 Bedroom/18
1 $11,400 – $17,675 $380
2 $11,400 – $20,200 $380
No Income Limits Apply to Market Units rent @ $1,100 (1 Bedroom/17 units)
@ $1,300 (2 Bedroom/1 unit)
NEW ALGIERS
Project Based Section 8 Contract with HUD.
The households pay 30% of their adjusted monthly income for rent.
Income guidelines are per HUD which are published annually.
WORTHINGTON MANOR
1 Bedroom
Minimum Base Rent $ 732 (*minimum monthly income: $1830)
Maximum Rent $ 964
Maximum Income Limits:
1 person $52,850
2 people $60,400
The minimum base rent is formulated from 50% AMI of the area maximum allowable rent.
The maximum rent is according to HUD Fair Market Rent of the area.
Rent is the higher of:
30% of household income minus the current utility allowance.
Not to exceed Market Rate
Minimum Base Rent