Income Requirements
60% AMI Income Limits
For non-subsidized apartments, households annual income must not exceed the following annual limits:
30% AMI Income Limits
For subsidized apartments, households annual income must not exceed the following annual limits:
Student Status Q & A
Defining "Student"
A student is an individual who, during each of five calendar months (which do not need to be consecutive) during the calendar year, is a full-time student at an educational organization, or is pursuing a full-time course of institutional on-farm training under the supervision of an accredited agent of an educational organization.
Defining "Educational Organization"
An educational organization is one that normally maintains a regular faculty and curriculum and normally has an enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on.
The term educational organization includes elementary schools, junior and senior high schools, colleges, universities, and technical, trade, and mechanical schools. It does not include on-the-job training courses.
Exceptions to Households That Contain All Full-Time Students
A household with at least one member who does not attend an educational organization full-time
Question
My roommate and I just graduated from high school in June. We both attended high school full-time, but now we are both enrolled in college part-time.
Answer
No. Your household does not qualify for an exception because both occupants were full-time students for more than five months during the calendar year.
Question
If after we move in, our household becomes all full-time students and does not meet one of the exceptions, do we have to move out?
Answer
Yes. On the first day of the fifth month during the calendar year that the full-time student attended an educational organization, your household would no longer meet the exception. You must report all anticipated changes to student status to management so eligibility can be reviewed.
Question
My partner and I have a 1-year-old daughter. We are not married, we cannot file a joint tax return, and we both attend school full-time.
Answer
Yes. Your household would qualify because your daughter does not attend an educational organization.
A household with at least one student who is married and entitled to file a joint tax return
Question
Do both married individuals need to live in the apartment to meet the exception?
Answer
No. However, proof of marriage must be provided.
A household with at least one student who is a single parent with child(ren) that are or will be claimed on that student's tax return
Question
I am a single parent with a minor child, but I will not be claiming my child on my tax return this year.
Answer
LIHTC household size is determined by residency and custody, not tax dependency. The adult must have legal custody or the child must live with them at least 50% of the time.
A household with at least one student receiving Temporary Assistance for Needy Families (TANF)
Question
Are food stamps considered TANF?
Answer
No. Only financial assistance provided through TANF qualifies.
A household with at least one student who has ever been under the care of the state foster care program
A household with at least one student participating in a program receiving assistance under the Workforce Innovation and Opportunity Act (WIOA) or similar federal, state, or local laws
Question
Is my Pell Grant considered part of WIOA or a similar federal, state, or local program?
Answer
No. A Pell Grant is not part of WIOA. It is a separate federal grant program intended to assist students with financial need pursuing postsecondary education.
Question
What is the Workforce Innovation and Opportunity Act (WIOA), and how do I apply?
Answer
WIOA provides assistance to adults, dislocated workers, youth, veterans, individuals with disabilities, and others facing barriers to employment.
Question
I am on Social Security Disability and receiving financial assistance that pays for a training or educational program so I can learn a new trade.
Answer
Yes. This may qualify as an exception, but the program must be reviewed and verified to confirm eligibility.
Question
What are examples of similar federal, state, or local programs that may qualify for an exemption?
Answer
These programs are generally designed to provide short-term job training and employment services to individuals facing barriers to employment. If you are uncertain whether your educational assistance falls under the student exemption, management can review the program and determine eligibility.
Question
I am participating in a work-study program and currently in a paid internship.
Answer
Possibly. Eligibility depends on whether you have attended an educational organization, as defined above, for more than five months during the calendar year. Documentation will be required to verify eligibility.