Frequently Asked Questions
Affordable housing refers to housing priced within reach of individuals and families with low to moderate incomes. It ensures people at different income levels have access to safe, stable, and decent homes without spending an excessive share of their income on housing costs. Affordable housing programs typically set income limits for eligibility and cap rents to keep them within reach.
Waterbrook Apartments offers affordable housing governed by the Low-Income Housing Tax Credit (LIHTC) program.
|
Tax Income Limits |
||||||||
|
|
1 Person |
2 People |
3 People |
4 People |
5 People |
6 People |
7 People |
8 People |
|
60% |
$47,760 |
$54,600 |
$61,440 |
$68,220 |
$73,680 |
$79,140 |
$84,600 |
$90,060 |
|
140% |
$66,864 |
$76,440 |
$86,016 |
$95,508 |
$103,152 |
$110,796 |
$118,440 |
$126,084 |
For each of the floor plans, there is an Affordable Housing Program designation. You can select this option when scheduling a tour, or applying for your new home!
Yes, the application fee for Affordable homes is $20.
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