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 Worcester but actual income limits may differ for units at Colony Retirement Homes I.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $22,300 | $25,500 | $28,700 | $31,850 | $35,140 | $40,280 | $45,420 | $50,560 |
50% | $37,150 | $42,450 | $47,750 | $53,050 | $57,300 | $61,550 | $65,800 | $70,050 |
80% | $59,400 | $67,900 | $76,400 | $84,850 | $91,650 | $98,450 | $105,250 | $112,050 |
Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.
Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.