Alder Court is managed by Viridian Management.
The 40 unit complex consisting of 1 and 2 bedroom units is for elderly (63) and/or disabled persons only. All units carry Section 8 project based rental assistance. Income limits apply. There is an on-site coin-op laundry. Tenants receive a utility allowance for electric.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bed One Bath (1/1) | - | Call for Price |
Two Bedroom One Bath (2/1) | - | Call for Price |
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 Warrenton but actual income limits may differ for units at Alder Court.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
30% | $17,750 | $20,300 | $24,860 | $30,000 |
50% | $29,600 | $33,800 | $38,050 | $42,250 |
80% | $47,350 | $54,100 | $60,850 | $67,600 |
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.
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.