Qualifications
Townsend Square Apartments participates in a special tax credit program to provide affordable housing to households with incomes falling within pre-determined ranges. Your benefit from this program is our ability to offer apartments at a very reasonable rate.
The following qualifying income ranges represent total (combined) gross income for the household:
|
|
# of Occupants |
Minimum Income |
Maximum Income |
|
2 Bedroom |
1 |
$36,300 - $42,000 |
$54,180 |
|
|
2 |
|
$61,920 |
|
|
3 |
|
$69,660 |
|
|
4 |
|
$77,400 |
|
|
|
|
|
|
2 Bedroom REO |
1 |
$40,050 - $43,800 |
$54,180 |
|
|
2 |
|
$61,920 |
|
|
3 |
|
$69,660 |
|
|
4 |
|
$77,400 |
|
|
|
|
|
|
3 Bedroom |
1 |
$42,450 - $47,100 |
$54,180 |
|
|
2 |
|
$61,920 |
|
|
3 |
|
$69,660 |
|
|
4 |
|
$77,400 |
|
|
5 |
|
$83,640 |
|
|
6 |
|
$89,820 |
|
|
|
|
|
|
3 Bedroom REO |
1 |
$44,010 - $49,500 |
$54,180 |
|
|
2 |
|
$61,920 |
|
|
3 |
|
$69,660 |
|
|
4 |
|
$77,400 |
|
|
5 |
|
$83,640 |
|
|
6 |
|
$89,820 |
To qualify, your income must be less than that in the chart. 2020 Published Incomes.
*Maximum incomes are subject to change.**Minimum gross monthly income required is 2.5 times the monthly rental amount.
(Example: $1,000 monthly rent x 2.5 = $2,500 monthly income x 12 months = $30,000 minimum annual income required)