Frequently Asked Questions
To apply, you’ll need:
- Proof of Income: Recent pay stubs, tax returns, bank statements, or proof of other income (e.g., Social Security, child support).
- Identification: Valid driver’s license, state ID, or passport for all adult household members.
- Additional Financial Documentation: Proof of benefits, asset statements, or other program-specific documents.
Income includes:
- Wages, salaries, tips, bonuses, and commissions.
- Social Security, pensions, and disability benefits.
- Alimony, child support, rental income, and investment earnings.
- LIHTC Housing: Full-time students generally do not qualify unless they meet exceptions (e.g., married, single parents with dependents, or in a job training program).
- Section 8 Housing: Students may qualify if they meet specific criteria, such as being over 24 years old or having dependents.
A household member includes:
- All adults living in the unit.
- Children or dependents, even if part-time (e.g., shared custody).
- Non-relatives, such as roommates or caregivers, who will live in the home.
Yes, but:
- Combined income must meet the program’s limits.
- All adult household members must pass background and credit screenings.
This varies by property:
- Some LIHTC properties include water or gas.
- Tenants typically pay electricity and optional fees like pet rent or garage spaces.
- Income recertification is generally required annually.
- The management team will guide you through the process before your lease renewal.
- If your income exceeds 140% of the program limit during recertification, your unit may be classified as "over-income."
- You can stay in your unit, but the property must follow the “Next Available Unit Rule” to maintain compliance.
- LIHTC: Rents are fixed based on the Area Median Income (AMI).
- Section 8: Tenants pay a percentage of their income as rent, with a subsidy covering the rest.
- Exceeding income limits.
- Not meeting background or credit screening criteria.
- Being a full-time student without an exemption.
- Rent may increase annually based on HUD’s income and rent limits.
- Changes may not align with your lease expiration but are communicated in advance.
No, you must meet preliminary eligibility requirements to join.
- Basic eligibility includes income limits and household size.
- Final approval requires background checks and income verification.
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