Household maximum income limits and all full-time studenthousehold limitations apply. The household income is based on gross annual income (before taxes and any deductions) earned and unearned from all sources, including, but not limited to, employment, social security, unemployment, child support, public assistance, pensions, annuities, interest income, dividends, stocks, bonds, insurance settlements, recurring gifts from family/friends, lottery winnings, etc.
Documentation will be required on all income, assets, and student statuses for all household members. Total gross household income must be under the following limits based on household size:
*Rent is not based on the household's income. The rent amount stays the same monthly for the entire term of your one-year lease. IMPORTANT NOTE: Rent rates are subject to change yearly based upon HUD's adjustment of the income limits for the specified area. The rent rates may change when new limits are released. Rent is not based on the household's income. The rental amount stays the same monthly for the entire term of your one-year lease.
To qualify for the property, the household income must be 2 times the monthly rent amount. For example, if the monthly rent is $1165.00, the household income needs to be $2330/month or $27,960.00 per year.
PLEASE NOTE: Preserve at Mustang Creek accepts Section 8 Housing Choice Vouchers and other rental assistance programs. Please confirm your maximum payment standard with your housing case worker before applying.