River Commons Apartments is walk up garden style community located in Downtown Wilmington, DE that offers 2 & 3 bedroom units with fully accessible handicap first floor units.
|2 Bedroom (2/1)||836||Call for Price|
|3 Bedroom (3/2)||1138||Call for Price|
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Some of the units at this property have received funding through HUD's Section 811 Project Rental Assistance (PRA) Program. For these PRA funded units, tenants must be extremely low-income (at or below 30% of Area Median Income) and at least one adult member of the household must have a disability. The person with the disability must be eligible for community-based, long-term services as provided under the state’s plan for medical assistance under Title XIX of the Social Security Act (Medicaid), state funded services or other appropriate services defined in the written partnership agreement.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Wilmington but actual income limits may differ for units at River Commons Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$36,900||$42,200||$47,450||$52,700||$56,950||$61,150||$65,350||$69,600|
|Low Income (60%)||$44,280||$50,640||$56,940||$63,240||$68,340||$73,380||$78,420||$83,520|
River Commons Apartments is managed by Evergreen Apartment Group.