Leasing Criteria
Anyone who qualifies for affordable housing may apply for residency at The Hawks; but, we give preference to those who participate in and are committed to arts and/or entrepreneurship. Applicants do not have to earn their income from their art or new business idea.
The Hawks follows the affordable housing guidelines established by the U.S. Department of Housing and Urban Development (HUD). HUD uses a formula based on the local Area Median Income (AMI), the degree of affordability of any given apartment (expressed as a percentage of the AMI), the number of bedrooms in the apartment and the number of people in the household. To find out what your rent may be, follow the steps below.
How much is rent at The Hawks?
Step 1
Understanding Household Income Limits
Based on the number of people in your household, find your gross annual income in the table below. Then note the corresponding Area Median Income (AMI) percentage in the red column on the right. For example, if you are applying as an individual and your gross annual household income is $12,650 your AMI would be 40% because it exceeds $12,000, but is below $16,000. If two or more people (maximum of four individuals) are applying for one unit, your combined gross household income must be less than the maximum income listed below.
1 person |
2 people |
3 people |
4 people |
(AMI) |
|
| Up to: | $12,000 | $13,710 | $15,420 | $17,130 | 30% |
| Up to: | $16,000 | $18,280 | $20,560 | $22,840 | 40% |
| Up to: | $20,000 | $22,850 | $25,700 | $28,550 | 50% |
| Up to: | $24,000 | $27,420 | $30,840 | $34,260 | 60% |
Step 2
Rent and Unit Mix
Based on the AMI percentage from the table above you can find rent amounts in the table below.
Percent of Area Median Income (AMI) |
RENT
|
Number of One Bedroom Lofts |
RENT
|
Number of Two Bedroom Lofts |
| 30% | $321 | 1 | $385 | 5 |
| 40% | $428 | 1 | $514 | 8 |
| 50% | $535 | 2 | $642 | 3 |
| 60% | $642 | 2 | $771 | 1 |
| HOME 50% | $642 | 5 | ||
| HOME 60% | $771 | 5 | ||
| Market | $875 | 2 | ||
| TOTAL UNITS | 6 | 29 |
*Rent amounts are not guaranteed and are subject to change with HUD published limits. Rent includes all utilities (water, sewer, trash, heat, AC), but does not include phone, cable or Internet.
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