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 Four Oaks but actual income limits may differ for units at Oaks Apartments ( the ).
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $23,800 | $27,200 | $30,600 | $34,000 | $36,750 | $40,280 | $45,420 | $50,560 |
50% | $39,700 | $45,350 | $51,000 | $56,650 | $61,200 | $65,750 | $70,250 | $74,800 |
80% | $63,500 | $72,550 | $81,600 | $90,650 | $97,950 | $105,200 | $112,450 | $119,700 |
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.