COUNTRY LANE SENIORS - WAXAHACHIE
INCOME QUALIFICATIONS
Maximum Allowable Income For Household Size
# of HH
members
|
1 |
2 |
3 |
4 |
5 |
Initial Cert
30% |
$25,290 |
$28,920 |
$32,520 |
$36,120 |
$39,030 |
Initial Cert
60% |
$50,580 |
$57,840 |
$65,040 |
$72,240 |
$78,060 |
RENT QUALIFICATION
HTC-MAXIMUM
ALLOWABLE RENT: |
Rents 30% HTC |
Rents 60% HTC |
|
Gross
Rent |
Less
Utility |
Net
Rent |
Gross
Rent |
Less
Utility |
Net
Rent |
1 Bedroom |
$677 |
$57 |
$620 |
$1,355 |
$57 |
$1,298 |
2 Bedroom |
$813 |
$74 |
$739 |
$1,626 |
$74 |
$1,552 |
Pet Rent: $15 per pet per month
REQUIREMENTS
102 total units – Seniors 55 and up
HTC Program: 11 units @ 30% 87 units @ 60% 4 units @ MKT (2 bedrooms only) 11 units set aside for persons with special needs
8609’s: Question 8b answered NO-There is only one building, so residents may transfer without requalifying.
Post 15 – 12/31/22 AECs to be completed on all affordable units regardless of 8609
THE GRAND RESERVE SENIORS - WAXAHACHIE
INCOME QUALIFICATIONS
Maximum Allowable Income For Household Size
# of HH
members |
1 |
2 |
3 |
4 |
5 |
Initial Cert
30% |
$24,660 |
$28,170 |
$31,680 |
$ 35,190 |
$38,010 |
Initial Cert
50% |
$41,100 |
$46,950 |
$52,800 |
$58,650 |
|
Initial Cert
60% |
$49,320 |
$56,340 |
$63,360 |
$70,380 |
$76,020 |
RENT QUALIFICATION
HTC-MAXIMUM
ALLOWABLE
RENT |
Rents 30% HTC |
Rents 50% HTC |
Rents 60% HTC |
|
Gross
Rent |
Less
Utility |
Net
Rent |
Gross
Rent |
Less
Utility |
Net
Rent |
Gross
Rent |
Less
Utility |
Net
Rent |
1 Bedroom |
$660 |
$57 |
$603 |
$1100 |
$57 |
$1043 |
$1320 |
$57 |
$1263 |
2 Bedroom |
$792 |
$73 |
$719 |
$1,320 |
$73 |
$1,247 |
$1,584 |
$73 |
$1511 |
Pet Rent: $15 per pet per month 
REQUIREMENTS
100% HTC/TCAP – 80 total units
4 Units @ 30% 28 Units @ 50% 48 Units @ 60%
Senior property – 55 or up
Special Needs - 8 units
8609’s: Question 8b answered NO-There is only one building, so residents may transfer without requalifying. Residents may complete AECs at recert. |