GENERAL INFORMATION: Income Restricted Properties

Don't Panic at the Prices you see for Income Restricted Properties

Market Rates are listed for all Income Restricted properties on the system I use. My clients sometimes panic when they see these prices and don't read the Memo off to the side which explains that the rates shown are the Market Rates not the income restricted rates.

This is an example of an Income Restricted property rates:

Market Rate for a 2 Bedroom $806

Income Restricted rate #1 $666

Income Restricted rate #2 $525

The apartment complex has income guidelines to see who qualifies for rate #1 or #2. Rate #2 qualification is for people making the minimum amount and only a small number of units will qualify.

Currently, the Income Restricted Minimum and Maximums are as follows:

MINIMUM FAMILY INCOME

1 Bedroom $1,538

2 Bedroom $1,848

3 Bedroom $2,148

MAXIMUM FAMILY INCOME

1 Person $28,820

2 Person $30,600

3 Person $34,440

4 Person $38,280

5 Person $41,340

6 Person $44,400

IF THE APT IS BONDED

1 Person $34,000

2 Person $39,000

3 Person $44,000

Income Restricted properties do not allow pets or have short-term leases. All forms of income is included including overtime, child support & spousal support received, disability payments, etc.

For more information on how you could save on an Income Restricted property,

contact John at The Apartment Store at 866-285-2100 or complete the FIND A

TX APT form on my website at www.24x7AptFind.com.

You won't believe how nice many of these complexes are!

*If anyone in the household has a felony conviction, you should use this form on my

other site AptFindFelons.com.