Frequently Asked Questions

Who Lives in Affordable Housing?

Individuals who are employed full-time, but frequently work more than one low-wage job to make ends meet. They may or may not be college educated and work in various fields which can include bank tellers, food service workers, teachers, bus drivers, nurses, etc. They are referred to as “the working poor” meaning they earn an income but it is not enough to support their housing costs and basic living needs. Individuals looking to improve their lives by temporarily living in affordable housing as a “stepping stone” to move up in life. For example, they could be attending school and saving to purchase a home or a young family just starting out with only one income, etc. Seniors living on a fixed income and Disabled Individuals also qualify for affordable housing.


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How do I apply?

To apply for Cornerstone housing, you will need to fill out a waitlist application and leave it with the property managers at the property. There is no application fee until your application is accepted.


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How long are the waiting lists?

The waiting lists are different for each property and can depend on the number of bedrooms in the unit you are interested in. Call the property(s) directly for specific information regarding their waiting lists.
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Is the rent based on my income?

No. Unlike other housing programs, tax credit rent is based on the average income in your county or other local area. This average is known as the "area median gross income" (AMGI), which HUD updates each year. Your actual income matters when it comes to determining if you qualify for a low-income apartment at a tax credit property. But the actual rent you pay is not based on your income.
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How exactly is my rent calculated?

Rents are determined by the HUD guidelines published each year and are based on the average income in your county or local area and we are required to follow these HUD guidelines for rent limitations.
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Does the number of people in my household affect eligibility?

Yes. The number of people in your household affects whether you can qualify for a low-income unit at a tax credit property. Your household must earn less than the income limit set for the unit your household is applying for.
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Will I need to sign a special lease?

No. The tax credit program doesn't require landlords to have tenants sign a special lease. But you may find a lease addendum with one or two clauses specific to the tax credit program. For example, you can probably expect a clause requiring you to cooperate with your landlord in recertifying and verifying your income each year, and there may be language saying that if your landlord learns that you knowingly gave false or incomplete income information when determining eligibility, this could be grounds for terminating your lease. Tenants are required to sign a one year lease and that no changes can be made to the household for the first year.
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Must tax credit properties comply with discrimination laws?

Yes. Tax credit properties are subject to the same fair housing laws as conventional properties.

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Can I get evicted if my income goes way up after I move in?

No. As long as the household was income qualified at move in, the household always remains eligible.
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