Affordable housing typically means housing that is reasonably priced for individuals and families with low to moderate incomes. This kind of housing is essential to ensure that persons at various income levels have access to safe, stable, and decent living conditions without having to spend too much of their income on housing. Affordable housing programs have limits to household income and rent.
623-227-1597 | 4910 W Glenn Dr Glendale 85301 Contact Us
Do I Qualify ?
Please see responses to below FAQs
Frequently Asked Questions
What Type of Affordable Housing does The Cascalote offer?
The Cascalote has multiple types of affordable housing. All apartments are governed by the Low Income Housing Tax Credit (LIHTC) program with specific apartments also governed by other affordable housing programs such as Project Based Voucher (PBV) program. The 30% units are only open to applicants by way of a referral from a local agency such as Glendale Housing. All the programs at The Cascalote have income restrictions based on the number of people in the household. Some programs and apartments have other eligibility criteria such as being a veteran, disabled, homelessness, etc. All residents of The Cascalote must be age 62 and older.
What is the maximum/minimum income?
Maximum Income
Total gross (before taxes) household income must be less than the below
|
50% |
60% |
|
|
1 Person |
$36,000 |
$43,200 |
|
2 Person |
$41,100 |
$49,320 |
|
3 Person |
$46,300 |
$55,560 |
|
4 Person |
$51,400 |
$61,680 |
|
5 Person |
$55,550 |
$66,660 |
Minimum Income
The Cascalote has a minimum household income requirement of 2 times the monthly rent.
|
Rents |
50% |
60% |
|
Studio |
NA |
$1,080 |
|
1 BD |
$963 |
$1,156 |
|
2 BD |
$1,157 |
$1,389 |
*30% apartments available by referral only through Glendale Housing Authority, 623.930.2180
What sources of income are considered?
All sources of income are considered for most affordable housing programs. The includes employment, social security and SSI, Pensions, income from retirement accounts and investments, periodic gifts from family members and income from assets.
What would prevent my household from qualifying?
- Not all household members are age 62 or older
- All household members are Full Time Students (there are some exceptions to this rule, please check with the site team)
- Household income exceeds the maximum allowable or is less than the minimum required.
- Number of persons in the household does not meet the occupancy guidelines for the apartment(s) available
- For full list of reasons that a household may not qualify please see the Resident Selection Criteria
How long of lease do I have to sign?
Initial leases are all 12 months but after that will roll over to a month to month lease or it may be renewed for a specific term.
How often will my rent change?
Tax Credit rent increases are annual, but they are limited by what the regulatory agencies allow. Income and rent tables are updated each year.
For households in PBV apartments (referral only) their rent may be adjusted with changes in their household income.
These responses are not exhaustive, other guidelines and qualifications may also apply. Please refer to the Resident Selection Criteria for more information