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 Georgetown but actual income limits may differ for units at Shady Oaks Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $24,550 | $28,050 | $31,550 | $35,050 | $37,900 | $40,700 | $45,420 | $50,560 |
50% | $40,900 | $46,750 | $52,600 | $58,400 | $63,100 | $67,750 | $72,450 | $77,100 |
80% | $65,450 | $74,800 | $84,150 | $93,450 | $100,950 | $108,450 | $115,900 | $123,400 |
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.