Affordable housing is typically defined as a household spending no more than 30% of their income on housing. This pilot program will offer participants the opportunity to live in the community of 777 Hamilton while paying no more than 30% of their household income on rent. For example:

  • If a household is earning $50,000 a year, the monthly rent would be equal to $1,250 per month.

  • If a household is earning $100,000 a year, the monthly rent would be equal to $2,500 per month.

  • If a household is earning $150,000 a year, the monthly rent would be equal to $3,750 per month. This rent amount would exceed market-rate rents for a 1-bedroom apartment, so the program would not be beneficial at that income.

Next

Preference categories