Westridge Meadows Apartments is a Section 42
Tax Credit Project which means that federal tax credit subsidies
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 the
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 the 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 the second is the maximum
allowable rent for the studio, one and two bedroom
apartments.