| AMI* | 1 person | 2 person | 3 person | 4 person | 5 person | 6 person | 7 person | 8 person |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $29,750 / year | $34,000 / year | $38,250 / year | $42,500 / year | $45,900 / year | $49,300 / year | $52,700 / year | $56,100 / year |
| 50% AMI for PBRA Units | $29,750 / year | $34,000 / year | $38,250 / year | $42,500 / year | $45,900 / year | $49,300 / year | $52,700 / year | $56,100 / year |
| 60% AMI for LIHTC Units | $35,700 / year | $40,800 / year | $45,900 / year | $51,000 / year | $55,080 / year | $59,160 / year | $63,240 / year | $67,320 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
The Royal Oaks Rent-to-Own Tax Credit development is located at Woodland Park, East of the grade school and near the water tower on Meadow Lane, Englewood and Forest Drive. This development includes 14 ranch style homes, all of which are 4 bedroom, 2 bath, and 2 car garages. Persons interested in this development must be income eligible, interested in becoming a homeowner, complete a REACH class regarding homeownership, develop and follow a homeownership plan with goals, and live in the home for a minimum of one year before a homeownership opportunity can be available. No pets and no smoking allowed.
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