INCOME ELIGIBILITY
Calculate the total annual the gross income for everyone in your household over age 18, including social security income, child support payments, and all other sources of income. (Using your paystubs, if you get paid two times a month, multiply the gross payment amount on your paystub by 24. If you get paid every other week, multiply the gross payment amount on your paystub by 26.) Certain requirements and exceptions may apply for recently divorced, retired, permanently disabled persons, or other types of government or Veteran benefits.
Determine the number of people in your household and calculate your annual household income. See the chart above to see if you may qualify. You must meet additional requirements and meet all requirements of the Development and Leasing Company. Other restrictions may apply.
Household size is composed of all individuals who will be occupying the home. If two people are a “couple” regardless of marital status, then both people must be included on the application. A couple in the process of a divorce or separation must submit proof of filing in order to apply separately.
Persons not counted as family members for the purpose of determining income include:
- A child who is subject to a shared-custody agreement in which the child resides with the household for less than 50 percent of the time;
- Unborn children; and
- Children being pursued for legal custody or adoption who are not currently living with the household.
To see if you may be eligible, you need to determine:
1). HOUSEHOLD ANNUAL GROSS INCOME or your total yearly income before taxes, and
2). HOUSEHOLD SIZE (number of people in your household).
Your household must make below the required Median Family Income (MFI) limit for the specific affordable unit. Your household income is based on your household's gross annual income and assets (before taxes), adjusted for your household size. Depending on the program, asset limits may apply.
AM I ELIGIBILE?
Affordable HOUSING eligibility requirements
HOUSEHOLD SIZE DETERMINATION
Community Wheelhouse, Inc.
Phone: (512) 900-3683
Fax: (512) 861-8698
info@cwhaustin.com
Office Hours:
By Appointment Only
Community Wheelhouse, Inc. is not a chartered bank or trust company or depository institution. It is not authorized to accept deposits or trust accounts and is not licensed by any state or federal banking authority. Community Wheelhouse, Inc. does not provide legal, accounting, or tax advice.
Community Wheelhouse, Inc. does not discriminate against an applicant on the basis of race, color, national origin, sex (including gender identity and sexual orientation), disability, religion, and familial status.