Discover your new home at Rowan Court. This community is located at 1820 Spyker Dr. in Monroe. The professional leasing team is available to help you find your perfect home. Stop looking and get moving. Contact or stop by the Rowan Court leasing office to see available floor plans.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Monroe but actual income limits may differ for units at Rowan Court Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $21,700 | $24,800 | $27,900 | $30,950 | $33,450 | $35,950 | $38,400 | $40,900 |
Low Income (60%) | $26,040 | $29,760 | $33,480 | $37,140 | $40,140 | $43,140 | $46,080 | $49,080 |
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.