Holland Homes has 114 one bedroom apartments which have federal Section-8 subsidy attached. This means that a person qualifying to live at
Holland Homes must first be at least 62 years old and total income must be at or below the current posted income limits ($33,350.00 for a single family household and $38,100.00 for a two person household).
On Section-8 assisted units, the rent portion that the resident pays is based on a calculation of income and expenses. Generally speaking, the adjusted income would be multiplied by 30% to determine a residents rent. As an example, a person with an income of $15,000.00 and adjustments (medical expenses) of $4,000.00 annually would pay monthly rent of $275.00 / month.
A persons monthly rent can not be calculated without all of the income and expenses being considered so rent on the S-8 units is variable
based on these factors. Once you apply for an apartment, you will be given a calculation of what the monthly resident rent portion would be.
More detailed information is available for you at the site or at the web site.
www.hud.gov.
Holland Homes must first be at least 62 years old and total income must be at or below the current posted income limits ($33,350.00 for a single family household and $38,100.00 for a two person household).
On Section-8 assisted units, the rent portion that the resident pays is based on a calculation of income and expenses. Generally speaking, the adjusted income would be multiplied by 30% to determine a residents rent. As an example, a person with an income of $15,000.00 and adjustments (medical expenses) of $4,000.00 annually would pay monthly rent of $275.00 / month.
A persons monthly rent can not be calculated without all of the income and expenses being considered so rent on the S-8 units is variable
based on these factors. Once you apply for an apartment, you will be given a calculation of what the monthly resident rent portion would be.
More detailed information is available for you at the site or at the web site.
www.hud.gov.
