Rent and basic utilities is approximately 30% of the gross income, WITH SUBSIDY.
RESTRICTED TO: 62 years of age or older; disabled regardless of age
The deposit is equal to “base” rent, a minimum of $200 is due at lease signing.
The remainder is required to be paid off within 60 days.
Currently accepting applications for the waiting list.Last updated on November 5th, 2018
|1 Bedroom (1/1)||-||Income Based|
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.
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 Troy but actual income limits may differ for units at Idlewood Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$33,250||$38,000||$42,750||$47,450||$51,250||$55,050||$58,850||$62,650|
|Low Income (60%)||$39,900||$45,600||$51,300||$56,940||$61,500||$66,060||$70,620||$75,180|
Idlewood Apartments is managed by Terra Properties.