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Village
Townhouses Cooperative |
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The following information will give you the guidelines for the minimum and maximum number of occupants in a townhouse as well as the income requirements. Occupants
MINIMUM INCOME REQUIREMENTS Minimum income-A minimum income level is required at the time of move-in. The monthly carrying charge may not exceed 25% of the gross monthly income. Here are the annual incomes required for the various bedroom sizes:
MAXIMUM INCOME REQUIREMENTS Maximum income- At the time of move-in, the current combined family income of anyone 18 years or older must be certified as not exceeding the following amounts according to size of family. If the income is exceeded, a 10% surcharge will be placed on the current carrying charge (rent). The maximum income table is established by the federal government and will be adjusted according to their guide lines.
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