Finances
To qualify for residency at Bethlehem Village, your income must not exceed the following limits set by the Department of Housing and Urban Development (HUD):
- The annual income recognized by HUD as very low for an individual is $31,150. and $37,880. for a couple.
- The annual income to qualify as extremely low-income is $19,850. for an individual and $22,700. for a couple.
Your monthly rent will never exceed 30% of your adjusted income, which is based on the following (including but not limited to):
- Social Security
- Pension
- Wages (if presently working)
- Interest on assets
- Deduction for qualified medical expenses
Your income will be re-evaluated annually to ensure that your rent remains affordable and in compliance with HUD guidelines.
A refundable security deposit is due at lease signing.