If you income qualify, does that mean you automatically receive an apartment?
No. It just means that we will acknowledge that you qualify for an income eligible, tax credit apartment home. Your application will be subject to further standard screening policies which will include a credit check, criminal background screening and prior landlord references.
What are maximum income levels, and what do they mean?
Income levels are determined by the U.S. Department of Housing and Urban Development (HUD) for each county. There is a maximum allowable income for each income-eligible apartment home. If your total household income is above these levels you will not qualify to live in a Section 42 income restricted unit.
How your maximum income level is determined?
Your maximum income level is based on the number of people in your household and gross annual income. Your gross annual income will be a sum of your fixed income and income from your assets. Some examples of income are: