Fifth Avenue Apartments

Two Key Qualifications regarding Fifth Avenue Apartments   To qualify for this brand-new development, all households must fit somewhere between these gross annual household income standards based on household size: Household Size Minimum Gross Income Maximum Gross Income 1 person $13,000/year $38,220/year 2 persons $15,000/year $43,680/year 3 persons $17,000/year $49,140/year 4 persons $19,000/year $54,600/year 5 persons $21,000/year $58,980/year 6 persons $23,000/year $63,360/year There is no flexibility on these standards. The maximum amounts are set by the Federal government while the minimum amounts are set by property management to ensure residents do not pay too large of a percentage of their income toward rent. If your household either falls below the minimum standard or above the maximum standard, there is no reason to apply to Fifth Avenue Apartments.     Although all 72 units are deemed affordable housing, the term affordable does not mean that residents pay rent on a sliding scale. Affordable means reasonable rents (set by the Federal government) for persons who are low-income. Unless residents have a rental subsidy in hand from an outside funding source, each income-qualifying household (the income ranges discussed above) must pay the full rental amounts listed below: Apartment Size Rental Amounts (vary by unit location and square footage) Studios $442 or $664 One-Bedrooms $706 or $854 Two-Bedrooms $865 or $969 Three-Bedrooms $1,045 or $1,188