Highspire School Apartments is managed by Housing Development Corporation MidAtlantic (HDC MidAtlantic).
Property Information
Number of Units: 41
Occupancy: Senior 55+
Rent Type(s): Income Limits Apply,Section 8 Vouchers Accepted,
Additional Information:
Efficiency Apartments – $505*
1 Bedroom Apartments – $550 – $685*
2 Bedroom Apartments – $650 – $670*
Rent includes heat, water, sewer and trash removal
*Minimum and maximum income guidelines may apply
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | From $550 To $685 |
Two Bedroom (2/1) | - | From $650 To $670 |
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 Highspire but actual income limits may differ for units at Highspire School Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $34,950 | $39,950 | $44,950 | $49,900 |
Low Income (60%) | $41,940 | $47,940 | $53,940 | $59,880 |
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.