Please Note: Rent and income limits listed below are updated annually by the federal Department of Housing and Urban Development (HUD).
Income Limits: To qualify for an affordable home at each Area Median Income (AMI) level, household income - based on household size - must be at or below the maximum amounts listed below.
| Maximum Gross Annual Income |
|---|
| Area Median Income (AMI) | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person |
|---|
| 30% | $24,180 | $27,630 | $31,080 | $34,530 | $37,320 |
| 40% | $32,240 | $36,840 | $41,440 | $46,040 | $49,760 |
| 50% | $40,300 | $46,050 | $51,800 | $57,550 | $62,200 |
| 60% | $48,360 | $55,260 | $62,160 | $69,060 | $74,640 |
Rent Amounts
Residents who have a housing voucher or live in a subsidized home will pay no more than 1/3 of their household gross income on rent, regardless of the home size or published rent.
Utilities such as heat, electricity, water, sewer, trash, and recycling are included in the rent amount, so when compared to market-rate rentals, the savings from renting a Tungsten Village home range from $575 per month to $1,100 per month, depending on the number of bedrooms. Not included (to be paid for, as desired, by the resident) are communications services, including telephone, internet, cable and other pay television services.
Occupancy requirements allow no more than two people plus one additional person to occupy a bedroom.
| Area Median Income (AMI) |
Maximum Rent Amount (Number of Home Types) |
| 1 Bedroom |
2 Bedroom |
3 Bedroom |
| 30% |
6 subsidized homes will be set aside to serve residents with income at or below 30% AMI. Applications will be accepted under a different process. | N/A |
| 40% |
$852 (1) |
$1,023 (1) |
N/A |
| 50% |
$1,065 (3) |
$1,278 (5) |
$1,476 (1) |
| 60% |
$1,184 (4) |
$1,421 (4) |
$1,772 (1) |
Security Deposits (must be paid in full at the time of lease-signing)
| Security Deposits |
|---|
| Number of Bedrooms
| 1 Bedroom |
2 Bedroom |
3 Bedroom |
| Security Deposit Amount |
$200 |
$250 |
$300 |
The security deposit will be due and payable on the day of lease-signing.