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 Franklin but actual income limits may differ for units at Concetta Towers.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $30,000 | $34,300 | $38,600 | $42,850 | $46,300 | $49,750 | $53,150 | $56,600 |
50% | $50,050 | $57,200 | $64,350 | $71,450 | $77,200 | $82,900 | $88,600 | $94,350 |
80% | $66,750 | $76,250 | $85,800 | $95,300 | $102,950 | $110,550 | $118,200 | $125,800 |
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 Franklin but actual income limits may differ for units at Concetta Towers.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $50,050 | $57,200 | $64,350 | $71,450 | $77,200 | $82,900 | $88,600 | $94,350 |
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.