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Only persons whose household income and assets
do not exceed specified limits may rent apartments at one of
PAHC’s properties. Based on
program
guidelines, income limits may vary per property. See specific
property information for income and
qualification guidelines.
The anticipated household gross income is used
to verify a household’s eligibility for a particular property
and/or available unit.
Minimum income limits are based on 2.5 times
the rent an applicant would have to pay at a property where
there is no additional subsidy.
BASIC QUALIFICATION (Also see
HUD Resident Selection Criteria
and Non HUD Resident Selection
Criteria)
- Occupancy – rental units must be the
residents’ principal residence.
- Household Size must be appropriate for
the available apartment. No over utilization or under
occupying.
- Gross Income must be below the specified
limits. Gross income includes, but is not limited to,
employment income before taxes, business income, gross
income from Social Security, SSI, Pension, AFDC, TANF, Child
Support, Alimony, recurring gifts and income from assets
- Assets include, but are not limited to,
checking & savings accounts, Retirement accounts e.g. 401-K
& 403-B, IRA, rental property etc.
The following income eligibility
table is provided to assist you in determining if your income
enables you to be eligible for an apartment at various housing
complexes you may call. The calculations are based on median
income figures provided by HUD for the particular area. To use
the table, find your family size in the first column and follow
the line across to the income figure closest to your annual
household income.
SANTA CLARA COUNTY AS OF MARCH 2008
|
Family
Size |
100% Median Income |
30% Income Level |
35% Income Level |
40% Income Level |
50% Income Level |
60% Income Level |
|
1 |
$72,300 |
$22,290 |
$26,005 |
$29,720 |
$37,150 |
$44,580 |
|
2 |
$84,900 |
$25,470 |
$29,715 |
$33,960 |
$42,450 |
$50,940 |
|
3 |
$95,500 |
$28,650 |
$33,425 |
$38,200 |
$47,750 |
$57,300 |
|
4 |
$106,100 |
$31,830 |
$37,135 |
$42,440 |
$53,050 |
$63,660 |
|
5 |
$114,600 |
$34,380 |
$40,110 |
$45,840 |
$57,300 |
$68,760 |
|
6 |
$123,100 |
$36,930 |
$43,085 |
$49,240 |
$61,550 |
$73,860 |
|
7 |
$131,600 |
$39,480 |
$46,060 |
$52,640 |
$65,800 |
$78,960 |
|
8 |
$140,100 |
$42,030 |
$49,035 |
$56,040 |
$70,050 |
$84,060 |
|