Do I Qualify ?

Affordable housing typically means housing that is reasonably priced for individuals and families with low to moderate incomes.  This kind of housing is essential to ensure that persons at various income levels have access to safe, stable, and decent living conditions without having to spend too much of their income on housing. Affordable housing programs have limits to household income and rent.

Henderson Place offers sixty (60) apartment homes for households under 60% of Area Median Income and six (6) apartment homes for households under 50% of Area Median Income. There are ten (10) apartments reserved for households that have been displaced during construction. The remaining apartments are available to members of the general public. All households at Henderson Place will have to meet income and occupancy restrictions as well as other eligibility criteria. Households must be under 50% or 60% of Area Median Income.

Maximum Income

To qualify, household income must fall within a specific range based on the number of people living in the apartment.

Minimum Income

Henderson Place  has a minimum household income requirement of 2 times the monthly rent.

All sources of income are considered for most affordable housing programs.  The includes employment, Social Security and SSI, pensions, unemployment benefits, self employment, income from retirement accounts and investments, periodic gifts from family members, child support, TANF, and income from assets.

• Household income exceeds the maximum allowable or is less than the minimum required.
• Number of persons in the household does not meet the occupancy guidelines for the apartment(s) available
• All student household that does not meet an exception
• For full list of reasons that a household may not qualify please see the Resident Selection Criteria

Initial leases are all 12 months but after that will roll over to a month to month lease or it may be renewed for a specific term.

Tax Credit rent increases are annual, but they are limited by what the regulatory agencies allow. Income and rent tables are updated each year.  
For households in PBV apartments (referral only) their rent may be adjusted with changes in their household income.

These responses are not exhaustive, other guidelines and qualifications may also apply. Please refer to the Resident Selection Criteria for more information