Call us : (833) 627-2557
We are really looking forward to welcoming you as our
newest neighbor at Petworth Station!
You probably have a question or two about tax credit properties and the application process.
We have taken the guesswork out of it! See below for all the details.
|
Household Size Up To |
Apt. Size |
Rent |
*Minimum Income Without Debt |
*Maximum Income |
|
1 person |
EFF |
$999 |
$29,970 |
$52,900 |
|
2 people |
EFF |
$999 |
$29,970 |
$60,480 |
|
1 person |
1 BR |
$1358 |
$40,740 |
$52,900 |
|
2 people |
1BR |
$1358 |
$40,740 |
$60,480 |
|
3 People |
1BR |
$1358 |
$40,740 |
$68,040 |
|
1 Person |
2 BR |
$1,638 |
$49,140 |
$52,920 |
|
2 People |
2 BR |
$1,638 |
$49,140 |
$60,480 |
|
3 People |
2 BR |
$1,638 |
$49,140 |
$68,040 |
|
4 People |
2 BR |
$1,638 |
$49,140 |
$75,600 |
|
5 People |
2 BR |
$1,638 |
$49,140 |
$81,660 |
What Is Tax Credit?
Tax credit communities provide "workforce housing". This simply means housing for residents whose income is within certain percentage of the area median income.
If your income falls between the minimum and maximum income restrictions, you may qualify for an apartment at a tax credit community.
What are the income restrictions?
The income restrictions are based on the number of people in the household and the size of the apartment home.
My income falls between the minimum and maximum range.
What do I need to bring with me to apply?
- $50 application fee per applicant over 18.
- Six current pay stubs
- Most recent bank statement for each account you have open
- If retired – Current proof of pension, retirement compensation, SS, or SSI benefit statement.
- If disabled – Current proof of social security, SSI, and/or other disability pay {if applicable}.
- If you receive income from public assistance – Current print out of your cash assistance benefits
- If you receive child support, kinship care payments, and/or adoption assistance payments – Proof of such income