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Eligibility

Eligibility

Canon de Arrowhead features a mix of market-rate and income-restricted homes. Applicants interested in joining the waitlist for our income-restricted apartments should review the eligibility guidelines below.
 

HOUSEHOLD SIZE: Includes each person who will reside in the home.

HOUSEHOLD INCOME: All income from any income source, including but not limited to, all wages, social security payments, retirement benefits, military and veteran's disability payments, unemployment benefits, welfare benefits, and interest and dividend payments.

MAXIMUM ALLOWABLE HOUSEHOLD INCOME: HUD (US Department of Housing of Urban Development) publishes annual income limits based on household size that are used to determine the maximum household income.

Please Note:

  • If all household members are full time students, please call the office to discuss.
  • Previous rental history will be reviewed, and no unsatisfactory rental history will be accepted. Any debt owed to an apartment community must be paid in full.
  • Credit scoring is based on real data and statistics to ensure all applicants are treated objectively. The applicants consumer credit report contains information about the applicant and the applicants credit experiences, such as the applicants bill-payment history, the number and type of accounts that the applicant has, late payments, collection actions, landlord tenant court records, outstanding debt, and the age of the applicants accounts. Applicants must be in good standing with local utility company.

Affordable Housing FAQ

The Low-Income Housing Tax Credit (LIHTC) program was created by the federal government in 1986 to encourage the development of affordable rental housing. Sometimes called the Section 42 Program, LIHTC helps make rent more affordable for households with low to moderate incomes. In return, property owners receive tax credits to help offset development costs. LIHTC rents are typically lower than those at comparable nearby market-rate communities for eligible residents.

While both LIHTC and Section 8 aim to support affordable housing, they operate differently. LIHTC properties offer reduced rents to qualified applicants but do not base rent on a percentage of income. Instead, rent is set based on a percentage of the Area Median Income (AMI). Section 8, by contrast, typically limits rent to 30% of a household’s income and may provide direct rental subsidies. LIHTC requires annual income verification but does not provide rental assistance payments.

Residents who meet eligibility criteria can enjoy lower-than-market rents for comparable apartments—often with modern finishes and updated features. LIHTC communities strive to offer quality living spaces while remaining affordable to qualifying households.

You may not qualify if:

  • You don’t meet the community’s resident selection criteria
  • You cannot fulfill the full initial lease term
  • Your household income exceeds the program limit at the time of move-in
  • All household members are full-time students and do not meet the exceptions below
  • You decline to participate in the required income and asset verification process

Full-Time Student Exceptions:

A household may still qualify if at least one member meets one of the following:

  • Receives TANF assistance under Title IV of the Social Security Act
  • Was formerly in foster care
  • Is enrolled in a government-approved job training program
  • Is a single parent with dependent children and not claimed as a dependent by someone else
  • Is married and eligible to file a joint tax return

Possibly. Many LIHTC communities require residents to complete an annual income recertification. Once you qualify at move-in, it’s okay if your income increases later. However, student status restrictions continue throughout your lease. Ask your Community Manager about your specific community’s requirements.

All income sources must be documented and may include (but are not limited to):

  • Wages, salaries, bonuses, tips, commissions
  • Social Security, unemployment, or disability benefits
  • Child support or alimony
  • Monetary gifts or regular financial contributions
  • Income from investments, savings, or other assets

Limits are set annually by the U.S. Department of Housing and Urban Development (HUD) and are based on the Area Median Income (AMI) for the region. Rent amounts are tied to unit size (number of bedrooms), not how many people live there. Because rent is calculated using a percentage of AMI, qualifying residents often pay less than they would at nearby conventional apartments.

Rents may increase yearly when HUD releases new AMI and rent limits. These updates may not align with your lease renewal. Other factors could also affect rent, so it’s best to speak with your Community Manager about what to expect.

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