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Leasing
The historic Maydestone apartments target moderate income affordability levels. The goal is to provide quality work force housing in a highly desirable location in the central city grid. To qualify, tenants must have a gross max income ceiling requirement of:
For 16 of the 32 units:
$36,300 for individuals
$41,460 for 2 persons
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For 8 of the 32 units:
$48,350 for individuals
$55.250 for 2 persons
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For 8 of the 32 units:
$72,500 for individuals
$82,500 for 2 persons
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A thoroughly completed application is thus necessary in order to ensure a correct screening process is conducted.
According to Sacramento Housing & Redevelopment Agency (SHRA) policy:
Owners are required to verify the annual incomes of all applicants prior to move-in. All household members 18 years of age or older must submit income verification documents that clearly specify the rate of pay, the number of hours worked per week, and how often paid. Applicants may also be asked to provide pay-stubs, tax returns, Social Security print outs, or public assistance payment notices. In all instances, the income verification documents must be dated within 90 days of the move-in date. Annual income calculations are based on the gross income, instead of the net (after-tax) income. All overtime, bonuses, tips, and income generated from assets are also included in the income calculation. Household members 18 years of age or older that state no income are required to sign a "Statement of No Income" form."
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