The Village at 815 Main Street Where there's No Place Like Home

August 3, 2010

MINIMUM INCOME Requirements

Filed under: — admin @ 6:15 pm

The Village at 815 Main Street

Minimum Income Requirements

 Rents start at ……..

Apartment Size

1 Bedroom

2 Bedroom

3 Bedroom

Rents Starting At: ***

$985.00 +

$1200.00+

$1430.00+

       

Minimum Income Requirements:

(Maximum Income Restrictions do apply – See Below)

 

$34,000.

$39,000.

$49,000..

*** Fair Market Rents Apply With Voucher Holders.  Please call for more details.

The Village at 815 Main Street offers affordable housing for individuals and families with moderate incomes.  The Tax Credit Program is not a subsidized housing program.  Each resident is responsible for the full amount of rent each month.  The rental amount is not based on your individual household income, rather the pre-set income limits in the area.

The benefit to Residents living in our apartments and townhomes are that rents are much lower than market rates and we have a wonderful neighborhood.  To determine if you are eligible, your Total Household Income including income from any assets, must be less than or equal to the pre-set income limit for the area.

The MAXIMUM INCOME limits per household size may not exceed 60% of Area Median Income (AMI):

Household size 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons
60% of median income $45,300. $51,780. $58,260. $64,680. $69,900. $75,060.

 

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