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Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Spring Valley but actual income limits may differ for units at Spring Valley Hi - Rise.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $15,000 | $17,240 | $21,720 | $26,200 | $30,680 | $35,160 | $39,640 | $44,120 |
50% | $25,000 | $28,600 | $32,150 | $35,700 | $38,600 | $41,450 | $44,300 | $47,150 |
80% | $40,000 | $45,700 | $51,400 | $57,100 | $61,700 | $66,250 | $70,850 | $75,400 |
Spring Valley Hi - Rise is managed by Bureau County Housing Authority.