About Rds
Property Details
- 11 units.
- Project-Based Rental Assistance
- Senior (62+)
- Accessible Units
- Supportive Housing for the Elderly
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Section 202 Supportive Housing for the Elderly
Since this property was built using funding through HUD's Section 202 Supportive Housing for the Elderly program, residency is restricted to persons who earn 50% of the Area Median Income (AMI) or less. Like other rental assistance programs like Section 8, resident's rents are based on their income and the tenant contribution is set at 30% of the tenants income.
Oak Ridge HUD Rental Assistance Income Qualifications
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $14,000 | $16,460 | $20,780 | $25,100 | $29,420 | $33,740 | $38,060 | $42,380 |
| 50% | $23,350 | $26,650 | $30,000 | $33,300 | $36,000 | $38,650 | $41,300 | $44,000 |
| 80% | $37,350 | $42,650 | $48,000 | $53,300 | $57,600 | $61,850 | $66,100 | $70,400 |
Rds receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing.
You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. Market rate units would have no subsidies or income restrictions.
Figuring out income and rent limits for affordable housing can be complex when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.
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