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Eligibility Criteria for Housing Tax Credit Property Income Requirements: Gross Annual Income must not exceed 60% of the Area Median Income (AMI). To determine if a household qualifies to live at a Housing Tax Credit property, several acceptance criteria need to be met. These criteria include credit, criminal background, and income verification. All members of the household will be required to disclose information related to their income, family size, and financial assets. Furthermore, all income and assets will be verified by reputable third parties. Maximum Income Limit: In addition to meeting the acceptance criteria, a household must have an annual income that is below the Maximum Income Limit established by the Department of Housing and Urban Development (HUD), which is published annually. Rent Benefits: If a household qualifies by meeting the acceptance criteria and having an income below the Maximum Income Limit, they will enjoy lower rent charges compared to conventional market rate apartments that are of a similar size and have similar features. Affordable Housing at Commonwealth Property: This property offers affordable housing options, with a preference given to veterans. Nevertheless, all qualified applicants are welcome to apply. About Commonwealth Management Corporation: Commonwealth Management Corporation is a locally owned Wisconsin based company that specializes in providing exceptional, high-quality affordable housing options. Community Amenities: - Business Center - Clubhouse - Fitness Center - High-Speed Internet - Laundry Facilities Apartment Amenities: - Ceiling Fan - Dishwasher - Disposal - Heat - Refrigerator - Washer/Dryer Hookup - Water Pet Policy: - Cats: 2 allowed - Dogs: 1 allowed Applying for Housing: As most apartments today have waiting lists, we advise you to contact them directly at the provided number to inquire about the application process and determine if you are eligible to live in this community.
610 E. Beacon Ave. #1, New London, WI 54961
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