Homestead Apartments

APPLICATION Click HERE to access a Tax Credit application for Homestead Apartments.  Click HERE to access a PARIF application for Homestead Apartments. INCOME RESTRICTIONS Income and student restrictions apply at Homestead Apartments. Depending on the unit, households may need to make under a certain amount to qualify. The total annual household gross income is considered. In addition, depending on the household size, not all household members can be full time students. Please contact us for details.   HOUSEHOLD SIZE SECTION 8 - 30% AMI SECTION 8 - 50% AMI SECTION 8 - 80% AMI HTC (60% AMI) PARIF 1 Person $22,400 $37,300 $59,650 $44,760 $95,200 2 People $25,600 $42,600 $68,200 $51,120 $95,200 3 People $28,800 $47,950 $76,700 $57,540 $95,200 4 People $33,000 $53,250 $85,200 $63,900 $95,200 5 People $38,680 $57,550 $92,050 $69,060 $95,200 6 People $44,360 $61,800 $98,950 $74,160 $95,200 Income limits subject to change per applicable affordable housing program guidelines. Updated 09/26. SECURITY DEPOSIT + APPLICATION Market Rate Units: An application fee of $35/adult and a security deposit of $500 is due at time of application. Housing Tax Credit Units: An application fee of $35/adult and a security deposit of $500 is due at time of application. Section 8 Units: A security deposit equal to one month of rent is due at time of lease signing. SECTION 8 VOUCHERS We gladly welcome Section 8 Vouchers in various units at Homestead Apartments. OCCUPANCY The initial maximum number of residents in a unit is equal to two persons per bedroom unless otherwise stated in the property's Resident Selection Plan, where applicable. Each unit is limited to no more than two unrelated or four related adult persons per unit. Lloyd Management defines a related adult person as either a child, dependent, or parent of the head of household. General occupancy standards and any federal, state, or local housing ordinances will supersede this policy. UTILITIES Heat, water, sewer, and trash are included with the monthly rent payment. Residents are responsible for electricity.