Stewart Pines III is available to residents 55+, and monthly rent starts at $516 for a one-bedroom, one-bathroom apartment and $620 for a two-bedroom, one-bathroom apartment. To qualify, applicants must earn a minimum monthly income of at least 2 ½ times the amount of rent being charged for the apartment home – income restrictions may apply. A one-person household must not exceed $19,285 annual gross income, a two-person household must not exceed $22,050 annual gross income. Rates and income thresholds may vary. We do not charge for water, sewer, or trash, and we do not charge monthly pet fees. Use the Contact Us feature for more information and to see if you qualify!
|1 Bedroom (1/1)||794||$514|
|2 Bedroom (2/1)||943||$590|
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
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.
Stewart Pines III Senior Apartments is managed by NeighborWorks New Horizons.