Monday, April 4, 2011
Adjusted Median Income.. If a person wants a 3 bedroom at Southgate Place, there are three apartments available. in order to qualify they have a lsot for 50% AMI and 60% AMI. Assume a family of 4, 50% AMI is 39,950 and 60% AMI is 47,900. if you amke more then this you can not get an apartment at Southgate Place.
The rent being asked i 1,109 to 1,223 per month. Lets assume
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