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Hope VI Homeownership Section 5h

413 Meridian St, Springfield, Illinois 62702

Hope VI Homeownership Section 5h Details

  • 7 bedroom units.
  • Public Housing

Public Housing

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.

Springfield HUD Rental Assistance Income Qualifications

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 Springfield but actual income limits may differ for units at Hope VI Homeownership Section 5h.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $17,300 $19,800 $22,250 $26,200 $30,680 $35,160 $39,640 $44,120
50% $28,850 $33,000 $37,100 $41,200 $44,500 $47,800 $51,100 $54,400
80% $46,150 $52,750 $59,350 $65,900 $71,200 $76,450 $81,750 $87,000

Hope VI Homeownership Section 5h is managed by Springfield Housing Authority.

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