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Logan Terrace Townhomes


Income Limits

Applicants will be qualified into one of the following income limit groups to establish eligibility. Income will be calculated using Gross Annual Income from all sources including income from assets for any resident who is over the age of 18. On annual basis, HUD publishes new income limits. When new income limits become published, such new income limits will be used for income eligibility.

Tier 1 - 0% to 45% of the area's median income - The chart below identifies the income limit per household size that defines Tier 1. Tier 1 has been set to allow person below 45% of the median income the opportunity to purchase a home. In all such cases, no person may have an income that is greater than 80% of the area median income.

1 Person
$23,400
2 Person
$26,730
3 Person
$30,105
4 Person
$33,435
5 Person
$36,090
6 Person
$38,790
7 Person
$41,445
8 Person
$44,145

 

Tier 2 - 45% to 80% of the area's median income - The chart below identifies the maximum income limit per household size that defines Tier 2 calculated at 80% of the AMI.

1 Person
$41,600
2 Person
$47,520
3 Person
$53,520
4 Person
$59,440
5 Person
$64,160
6 Person
$68,960
7 Person
$73,680
8 Person
$78,480

 

Click on the links below to read more about Logan Terrace Townhomes


  All Information on Logan Terrace Townhomes in a single PDF   
  Application And Eligibility Process
  Selection Criteria
  Preference Status
  Income Limits
  Sales Price
  Use Of Sales Proceeds And Restrictive Covenants   Contact Information

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