INCOME LEVELS & RENTS
Effective 1-1-2022
CARMEN ROMANO APARTMENTS
MAXIMUM INCOME LIMITS | 1 BEDROOM | 2 BEDROOM
# of units | RENT # of units | RENT
60% of AMI 65 $1,096.00 16 $1,305.00
50% of AMI 13 $900.00 3 $1,070.00
25% of AMI 5 $415.00 1 $500.00
TOTAL GROSS HOUSEHOLD INCOME CANNOT EXCEED $43,260 FOR A SINGLE PERSON OR $49,440 FOR A COUPLE
INCOME LIMITS ARE BASED ON FAMILY SIZE
FAMILY SIZE | MAXIMUM INCOME LIMITS
60% of AMI 50% of AMI 25% of AMI
1 PERSON $43,260 $36,050 $18,025
2 PERSONS $49,440 $41,200 $20,600
INCOME IS DEFINED IN THE DETAILED FEDERAL PROGRAM REGULATIONS.
APPLICANTS MUST MEET ALL THE OTHER REQUIREMENTS FOR OCCUPANCY
MINIMUM INCOME REQUIREMENT:
60% 50% 25%
1 BR $32,850 $27,000 $12,450
2 BR $39,120 $32,100 $15,000
SAGE POND PLACE
Type 1
60%
Household Size | Annual Income Range | 1 Bedroom/49 units
1 $30,750 – $43,860 $1,025
2 $30,750 – $50,100 $1,025
Household Size | Annual Income Range | 2 Bedroom/10 units
2 $36,000– $50,100 $1,200
3 $36,00– $56,340 $1,200
Type 2
50%
Household Size | Annual Income Range | 1 Bedroom/ 13 units
1 $26,250 – $36,550 $875
2 $26,250 – $41,750 $875
Type 3
25%
Household Size | Annual Income Range | 1 Bedroom/ 5 units
1 $12,450 – $18,275 $415
2 $12,450 – $20,875 $415
No Income Limits Apply to Market Units rent @ $1,100 (1 Bedroom/7 units)
AMSTON VILLAGE
60% Tax Credit
Household Size | Annual Income Range | 1 Bedroom/8
1 $39,996 – $48,420 $1,000
2 $39,996 – $55,320 $1,000
Household Size | Annual Income Range | 2 Bedroom/1
2 $45,000– $55,320 $1,125
3 $45,000– $62,220 $1,125
60% High Home
Household Size | Annual Income Range | 1 Bedroom/16
1 $28,000 – $48,420 $700
2 $28,000 – $55,320 $700
Household Size | Annual Income Range | 2 Bedroom/2
2 $36,960– $55,320 $905
3 $36,960– $62,220 $905
50% Low Home
Household Size | Annual Income Range | 1 Bedroom/4
1 $28,000 – $40,350 $700
2 $28,000 – $46,100 $700
Household Size | Annual Income Range | 2 Bedroom/2
1 $36,390– $46,100 $905
2 $36,390– $51,850 $905
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 $55,950
2 people $63,950
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.
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.
VICTORIA GARDENS
60% Tax Credit
Household Size | Annual Income Range | 1 Bedroom/23
1 $31,350 – $43,260 $1,045
2 $31,350 – $49,440 $1,045
Household Size | Annual Income Range | 2 Bedroom/2
2 $37,500 – $49,440 $1,250
3 $37,500 – $55,620 $1,250
50% Tax Credit
Household Size | Annual Income Range | 1 Bedroom/27
1 $25,950 – $26,050 $865
2 $25,950 – $41,200 $865
Household Size | Annual Income Range | 2 Bedroom/2
2 $30,900 – $41,200 $1030
3 $30,900 – $46,350 $1030
25% Tax Credit
Household Size | Annual Income Range | 1 Bedroom/18
1 $12,600 – $18,025 $420
2 $12,600 – $20,600 $420
No Income Limits Apply to Market Units rent @ $1,125 (1 Bedroom/17 units)
@ $1,340 (2 Bedroom/1 unit)
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