How do you qualify for low income housing in Utah?

How do you qualify for low income housing in Utah?

You cannot earn more than the annual low-income limits for your household size. For a household of one, your annual income cannot exceed $40,150 to be considered low-income, while a family size of five cannot earn more than $61,950 a year.

What is an income-restricted apartment?

Apartments that are eligible for reduced or subsidized low-income rentals are considered income-restricted apartments. These are apartments with income caps that determine eligibility, helping low-income families find affordable housing.

What is considered low income in Utah?

Income Limit CategoryPersons in Family12Very Low (50%) Income Limits ($)32,30036,900Extremely Low Income Limits ($)*19,40022,150Low (80%) Income Limits ($)51,65059,000

Why is an apartment income-restricted?

As the name suggests, income-restricted apartments are available only to those whose income falls into a specific range. They may be owned by the city or by private owners who receive government subsidies.

What are the qualifications for low income housing in Utah?

You cannot earn more than the annual low-income limits for your household size. For a household of one, your annual income cannot exceed $40,150 to be considered low-income, while a family size of five cannot earn more than $61,950 a year

What is the income limit for Utah housing?

Income Limit CategoryPersons in Family12Very Low (50%) Income Limits ($)32,30036,900Extremely Low Income Limits ($)*19,40022,150Low (80%) Income Limits ($)51,65059,000

How does low income housing work in Utah?

Loan Program (FHA/VA Loan)CountiesFamily Size 1-2 Income Limit Rev 4-21Score (FHA/VA)All Counties$85,300HomeAgain (FHA/VA)All Counties$119,400HomeAgain-Owner Occupied Two-Unit (ADU, Duplex, Mother-In-Law Apartment)All Counties$119,400Freddie Mac HFA AdvantageAll Counties$124,00010 more rows