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 Beloit but actual income limits may differ for units at Beloit Apartments Redevelopment Phase 1.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $18,150 | $20,750 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
50% | $30,250 | $34,550 | $38,850 | $43,150 | $46,650 | $50,100 | $53,550 | $57,000 |
80% | $48,350 | $55,250 | $62,150 | $69,050 | $74,600 | $80,100 | $85,650 | $91,150 |
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 Beloit but actual income limits may differ for units at Beloit Apartments Redevelopment Phase 1.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $30,250 | $34,550 | $38,850 | $43,150 | $46,650 | $50,100 | $53,550 | $57,000 |
Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.