Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Fairbanks but actual income limits may differ for units at Golden Towers Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $20,750 | $24,640 | $31,070 | $37,500 | $43,930 | $50,360 | $56,790 | $63,220 |
50% | $34,550 | $39,450 | $44,400 | $49,300 | $53,250 | $57,200 | $61,150 | $65,100 |
80% | $55,250 | $63,150 | $71,050 | $78,900 | $85,250 | $91,550 | $97,850 | $104,150 |
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.