Located at 3101 S Federal Blvd, Mount Loretto, is affordable (LIHTC) housing for a wide range of family sizes. (Tax Credit) Smoke-Free Community.
See below for more information on qualifying:
To qualify, the total amount of money before taxes and any deductions (Gross Income), received by all household members, plus interest and/or income from all assets must not exceed the below Annual Income Limit for the number of people in household.
Income Limits Date Effective 04/24/2025
Number of people in household
Annual Income Limit 60%, 50%, 40%, 30%
|
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
60% |
$58,860 |
$67,260 |
$75,660 |
$84,060 |
$90,840 |
$97,560 |
$104,280 |
$111,000 |
50% |
$49,050 |
$56,050 |
$63,050 |
$70,050 |
$75,700 |
$81,300 |
$86,900 |
$92,500 |
40% |
$39,240 |
$44,840 |
$50,440 |
$56,040 |
$60,560 |
$65,040 |
$69,520 |
$74,000 |
30% |
$29,430 |
$33,630 |
$37,830 |
$42,030 |
$45,420 |
$48,780 |
$52,140 |
$55,500 |
Number of Bedrooms |
1 |
2 |
3 |
4 |
Monthly Rent 30% |
$634 |
$755 |
$870 |
N/A |
40% |
$869 |
$1,024 |
$1,176 |
N/A |
50% |
$1,082 |
$1,272 |
$1,434 |
N/A |
60% |
|
|
|
$1,943 |
Applicants must have sufficient income to pay rent and are required to have a monthly income that is two (2) times the monthly rent of the unit they would occupy.
Our screening process includes third-party income verification from employers and landlords, evictions, credit and criminal background checks for every applicant over the age of 18. Households consisting entirely of full-time students are not eligible for this affordable housing program unless they meet one of the exemptions. We are a smoke-free and pet-free community. Unit size is determined by family size, with no less than 1 person & no more than 2 people per bedroom.
No one can be added to the household during the initial lease term of 1 year unless that addition is due to the documented birth of a child, marriage, legal adoption, foster child or as a need of a verified Reasonable Accommodation request due to a disability.
Our Tax Credit Communities are operated under the LIHTC (low income housing tax credit) program and any falsification or misrepresentation will be considered a material breach. Giving fraudulent or misrepresented information will invalidate this application and the applicant(s) will be denied housing.
Residential License Number - 2023-BFN-0001997