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 New Iberia but actual income limits may differ for units at St Edwards Subdivision.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $14,580 | $19,720 | $24,860 | $30,000 | $34,300 | $36,850 | $39,400 | $41,950 |
50% | $22,250 | $25,400 | $28,600 | $31,750 | $34,300 | $36,850 | $39,400 | $41,950 |
80% | $35,600 | $40,650 | $45,750 | $50,800 | $54,900 | $58,950 | $63,000 | $67,100 |
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.