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What is a Tax Credit Community
What Is a Tax Credit Community?
Tax credit communities provide "workforce housing", which simply means housing for residents whose income is within a certain percentage of the area's median income. If your income falls between the minimum and maximum income restrictions, you may qualify for an apartment at a tax credit community.
What are the income restrictions?
The income restrictions are based on the number of people in the household and the size of the apartment home.
Identification
Government-issued ID, SS card, or valid DHS authorization ID, and for children: Birth certificate and SS card
Proof of Income
Paystubs
| Payroll Cycle | Weekly | Bi Weekly |
Semi Monthly |
Monthly |
|---|---|---|---|---|
| Number of Pay Stubs |
9 | 5 | 4 | 2 |
- Fixed Income: Include documentation for any monthly fixed income, which must be dated within 30 days of your application
- Checking Accounts: We require 1 month's statement for all personal checking accounts
- Additional Assets: Please provide the most recent statement for any other accounts or financial assets
Application Fee: A $50 non-refundable processing fee. Every applicant 18 years of age or older must submit a separate application and pay the corresponding fee.
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