River Glen Apartments is part of a tax
credit community, which means that federal tax credits were given
to help finance the property. Because of the subsidies
received, the owner is required to hold the maximum rent charged at
or below a level considered appropriate for households that have
incomes at or below 60% of the median household income for the
county. This maximum rent that can be charged is calculated at
30% of the 60% of median monthly household income less a utility
allowance which is determined by the Department of Housing and
Urban Development. Applicants must also qualify to live in the
community by demonstrating that their annual household income is at
or below 60% of the median income for the county where the
community is located.
Below are two lists, one is the maximum
household incomes allowed to qualify for residency based on the
number of people in the household, and two, is the maximum
allowable rent for the two and three-bedroom
apartments.