San Lucas 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 studio, one and two bedroom
apartments.