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 Baltimore but actual income limits may differ for units at Homes of Arundel.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
50% | $42,600 | $48,700 | $54,800 | $60,850 | $65,750 | $70,600 | $75,500 | $80,350 |
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 Baltimore but actual income limits may differ for units at Homes of Arundel.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $42,600 | $48,700 | $54,800 | $60,850 | $65,750 | $70,600 | $75,500 | $80,350 |
Low Income (60%) | $51,120 | $58,440 | $65,760 | $73,020 | $78,900 | $84,720 | $90,600 | $96,420 |
Since this property is subsidized in part through the Rental Assistance Demonstration (RAD), some apartments may have Section 8 Project-Based Rental Assistance (PBRA) or Section 8 Project-Based Vouchers (PBV). With either type of subsidy, tenant rent payments are 30% of their adjusted monthly income. Households earning less than 80% of the area median income may qualify for PBRA or PBV reduced rents. Some of these subsidized apartments may be reserved for extremely low-income households earning less than 30% of the area median income. If the apartment has a PBV, the tenant may qualify for a Section 8 Housing Choice Voucher (HCV) after living there at least one year. Some rental units in this property may not have PBRA or PBV subsidies and therefore may have higher rents.