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.
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 Covington but actual income limits may differ for units at Meadowview Elderly Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $16,150 | $18,450 | $23,030 | $27,750 | $32,470 | $37,190 | $41,910 | $46,630 |
50% | $26,900 | $30,750 | $34,600 | $38,400 | $41,500 | $44,550 | $47,650 | $50,700 |
80% | $43,050 | $49,200 | $55,350 | $61,450 | $66,400 | $71,300 | $76,200 | $81,150 |