The Elms Apartments —a project based Section 8 and Tax Credit Development designed for the Families, Elderly (62 years of age and older) and/or person with disabilities under 62 years of age. The community consists of (120 apts.) 57 one bedroom, 51 two bedroom, and 12 three bedroom apartments and is smoke free.
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 West Warwick but actual income limits may differ for units at The Elms.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $21,500 | $24,600 | $27,650 | $30,700 | $35,140 | $40,280 | $45,420 | $50,560 |
50% | $35,850 | $41,000 | $46,100 | $51,200 | $55,300 | $59,400 | $63,500 | $67,600 |
80% | $57,350 | $65,550 | $73,750 | $81,900 | $88,500 | $95,050 | $101,600 | $108,150 |
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 West Warwick but actual income limits may differ for units at The Elms.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $35,850 | $41,000 | $46,100 | $51,200 | $55,300 | $59,400 | $63,500 | $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.