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 'gross' income must be less than the pre-set income limit for the area.
Current Income Limits
1 person - $42,780
2 people - $48,900
3 people - $55,020
4 people - $61,080
5 people - $66,000
6 people - $70,860
7 people - $75,780
8 people - $80,640
9 people - $85,512
| 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.