16 Unit complex with (16) 1 BR apartments. All of these units are subsidized.
Qualified applicants must be at least 62 years of age or disabled.
Residents are responsible for their electricity. Please note the average cost of electricity is taken into consideration when determining the rental amount. Heat and hot water are included.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | Income Based |
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 Machias but actual income limits may differ for units at Riverside Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $15,950 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,050 |
50% | $26,550 | $30,350 | $34,150 | $37,900 | $40,950 | $44,000 | $47,000 | $50,050 |
80% | $42,450 | $48,500 | $54,550 | $60,600 | $65,450 | $70,300 | $75,150 | $80,000 |
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.