SECURITY DEPOSIT + APPLICATION FEE

A security deposit of $1000 and an application fee of $50/adult are due with the completed application. 

INCOME LIMITS FOR TIF UNITS

Households applying for a TIF unit (where rent is lowered to $1350/mo) must make equal to or less than the following amounts depending on the number of individuals living in the household. Please note: Income is calculated using the GROSS (before taxes) amount. All household member's gross income counts toward total (job income, Social Security - adults and children, child or spousal support, regular pension payments, etc.). 
 

HOUSEHOLD SIZE	INCOME LIMIT
1 Person	$35,250
2 People	$40,250
3 People	$45,300
4 People	$50,300
5 People	$54,350
6 People	$58,350

How to calculate your rent:
- If you are paid $20.00/hour for 40 hours per week, you would gross $800.00 per week ($20.00 x 40 = $800.00).
- To find your annual earnings, multiply your weekly pay by 52 weeks in a year ($800.00 x 52 = $41,600).
- Your annual gross income is $41,600. 
With this example, a household of three or more people would qualify for a TIF unit and pay $1350/mo rather than $1650/mo.
 

OCCUPANCY

The initial maximum number of residents allowed is equal to two persons per bedroom. Each unit is limited to no more than two unrelated or four related adults. A related adult is defined as either a child, dependent, or parent of the head of household.