AFFORDABLE RENT

Under the formula-based method of rent calculation, the rent amount is based on 30% of your yearly adjusted gross income. Rent amounts are determined after the application is processed.  Specific deductions as listed below may affect the amount the resident pays in rent. 

• Elderly Deduction
• Disabled Deduction
• Child Deduction
• Full time student
• Child care deduction
• Utility Allowance

You may elect to take a flat rent, which is NOT based on income, but on the market rates for apartments. The advantage to this type of rent is that you can save a lot of money in comparison to other rental properties. Also, a review of your income is conducted only every three years.