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 Grand Ledge but actual income limits may differ for units at Serenity Place.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $19,700 | $22,500 | $25,300 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
50% | $32,800 | $37,500 | $42,200 | $46,850 | $50,600 | $54,350 | $58,100 | $61,850 |
80% | $52,500 | $60,000 | $67,500 | $74,950 | $80,950 | $86,950 | $92,950 | $98,950 |
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 Grand Ledge but actual income limits may differ for units at Serenity Place.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $32,800 | $37,500 | $42,200 | $46,850 | $50,600 | $54,350 | $58,100 | $61,850 |
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.