Residency is based on acceptance of submitted application. Our communities vary. You are invited to apply if you are:
1) 62 or older for any type unit,
2) in certain communities 18 to 61 requiring a mobility accessible unit,
3) for two people, one person must meet the minimum age requirement of 62, and
4) at or below income levels established by HUD. All income information will be verified by the appropriate parties. Applicants will be added to the property’s waiting list if eligibility is met. When you are next on the list, you will be contacted by the property manager. Monthly rent is calculated after qualification. AHEPA Apartments are subsidized by HUD. The resident portion of the rent will not exceed 30% of your adjusted gross monthly income or 10% of your monthly gross income, whichever is greater.
Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.
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 Newport but actual income limits may differ for units at Ahepa 245 Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
These general income qualifications for Newport, Rhode Island should only be used as a basic guide. To find out if you qualify, contact the community directly.
You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.
Ahepa 245 Apartments receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.
Ahepa 245 Apartments is managed by AHEPA National Housing Corporation.