Eligibility for Park Terrace
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 Norfolk but actual income limits may differ for units at Park Terrace.
AMI Band |
1 Person |
2 Person |
3 Person |
4 Person |
5 Person |
6 Person |
30% |
$20,800 |
$23,800 |
$26,750 |
$30,000 |
$35,140 |
$40,280 |
50% |
$34,650 |
$39,600 |
$44,550 |
$49,500 |
$53,500 |
$57,450 |
80% |
$55,450 |
$63,400 |
$71,300 |
$79,200 |
$85,550 |
$91,900 |
Section 8 Project-Based Rental Assistance (PBRA)
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.