Pearl Village Apartments

4221 Pearl Ave, Lorain, Ohio 44055

Contact Pearl Village Apartments

Eligibility for Pearl Village Apartments

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 Lorain but actual income limits may differ for units at Pearl Village Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50%	$31,650	$36,200	$40,700	$45,200	$48,850	$52,450	$56,050	$59,700

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 Lorain but actual income limits may differ for units at Pearl Village Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$31,650	$36,200	$40,700	$45,200	$48,850	$52,450	$56,050	$59,700
Low Income (60%)	$37,980	$43,440	$48,840	$54,240	$58,620	$62,940	$67,260	$71,640

Pearl Village Apartments Details

80 bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)
Section 236

Property Amenities

Playground
On-Site Manager
24hr Emergency Maintenance
Laundry Facility

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 236

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.