Thank You for Your Interest in Applying to Live

at Seabrook Square

Our affordable tax credit apartment community offers high-quality, affordable housing through a program that helps individuals and families find homes at lower rental rates. This community is part of the Low-Income Housing Tax Credit (LIHTC) program, designed to support residents who meet specific income requirements based on the area's median income (AMI).

Why Choose a Tax Credit Community?

• Affordable Living: Rent is set at a reduced rate to help make housing more affordable, with rates based on your income level.

• Income-Based Eligibility: To qualify, you must meet income guidelines, typically set at 30%, 50%, or 80% of the area's median income.

• Quality Housing: While rent is more affordable, tax credit apartments still offer comfortable, modern living spaces with all the amenities you expect.

ARE YOU A QUALIFIED APPLICANT?

KEEP READING TO FIND OUT

MAXIMUM RENTAL AMOUNT FOR RENT RESTRICTED APARTMENT HOMES ONLY

• 30% - 0 Bedroom - $702, 1 Bedroom - $753, 2 Bedroom - $903, 3 Bedroom - $1044, 4 Bedroom - $1164

• 50% - 0 Bedroom - $1171, 1 Bedroom - $1,255, 2 Bedroom - $1,506, 3 Bedroom - $1740, 4 Bedroom - $1941

• 80% - 0 Bedroom - $1874, 1 Bedroom - $2,008, 2 Bedroom - $2,410, 3 Bedroom - $2784, 4 Bedroom - $3106

MAXIMUM ANNUAL INCOME FOR RENT-RESTRICTED APARTMENT HOMES ONLY

30% Qualifications:

• 1-person home may earn no more than $28,110 annually

• 2-person home may earn no more than $32,130 annually

• 3-person home may earn no more than $36,150 annually

• 4-person home may earn no more than $40,140 annually

• 5-person home may earn no more than $43,380 annually

50% Qualifications:

• 1-person home may earn no more than $46,850 annually

• 2-person home may earn no more than $53,550 annually

• 3-person home may earn no more than $60,250 annually

• 4-person home may earn no more than $66,900 annually

• 5-person home may earn no more than $72,300 annually

60% Qualifications:

• 1-person home may earn no more than $74,960 annually

• 2-person home may earn no more than $85,680 annually

• 3-person home may earn no more than $96,400 annually

• 4-person home may earn no more than $107,040 annually

• 5-person home may earn no more than $115,680 annually

Income - Gross monthly income of household must be 2 times monthly resident paid portion of rental amount. All sources of earned and unearned income must be verified in writing. If the household is participating in a voucher program, it is limited to the greater of a monthly income of 2 times the household’s share of the total monthly rent amount or $2,500.00 annually. Maximum household income and maximum rent limits are as follows:

INCOME verification

• 2 months of consecutive current bank statements. ALL pages must be included and be one sided.

• 2 months of consecutive paystubs

WHAT DO I NEED TO PRE-QUALIFY?

To begin the application, please present the following documents:

1. Complete application for every household member 18 years of age and older

2. Income Verification Items

3. Additional documents that may be required depending on each person’s individual income and assets

4. 2 years of Resident or Rental Verification if applicable