Affordability Requirements
Todd A. Lee Residences at Kennedy is a Senior affordable housing community and does business in accordance with the Fair Housing Act. All units are age restricted for individuals 55 years and older. We provide equal housing and service for all people regardless of race, color, religion, sex, national origin, handicap or familial status, or any other protected class as defined by state and local jurisdiction.
The following are the income guidelines and rental rates applicable to Todd A. Lee Residences at Kennedy Street. The following qualifying income limits apply for all future residents. To qualify, the maximum household total gross income based on the number of occupants in your home must be less than noted in the following chart.
Income Limits – Low Income Housing Tax Credit (LIHTC) at 50%
| Number of Persons | Maximum Income |
|---|---|
| 1 | $52,750 |
| 2 | $60,300 |
Applies to a few select units.
Income Limits – Housing Production Trust Fund Income Limits at 50%
| Number of Persons | Maximum Income |
|---|---|
| 1 | $49,800 |
| 2 | $56,900 |
Applies to a few select units.
Income Limits – Housing Production Trust Fund Income Limits at 30%
| Number of Persons | Maximum Income |
|---|---|
| 1 | $29,900 |
| 2 | $34,150 |
Applies to a few select units.
Rents – LIHTC/HPTF at 50% (use the lower to comply)
| Apartment Size | Rental Rate | Minimum Income |
|---|---|---|
| Efficiency | $1,318 (LIHTC) $1,250 (HPTF) | $39,540 |
| 1 Bedroom | $1,413 (LIHTC) $1,420 (HPTF) | $42,390 |
Rents – Not to exceed 30% of the AMI
| Apartment Size | Rental Rate | Minimum Income |
|---|---|---|
| 1 Bedroom | $850 (AMI) | $25,500 |
Household Size Maximums
| Bedroom Size | Maximum Number of Occupants |
|---|---|
| Efficiency | 1 |
| 1 Bedroom | 2 |
Application Fee: $30.00.
All utilities are included.