LARSON COMMONS APARTMENTS

To be eligible for admission, applicants cannot have an annual gross income that exceeds 50% of the area median income. The applicant's net income must be at least two (2) times the rent level. Food stamps will be included in meeting the income requirement. Households consisting entirely of full time students are considered ineligible. A student is defined as an individual who attends school full-time (as defined by the institution being attended) for five (5) or more months in the upcoming twelve (12) months (commencing from the move-in date). Full-time students who work full-time are still considered students. Some exceptions do apply. You may ask for further clarification. We require that any prospective tenant must demonstrate the ability to pay monthly utilities and other expenses imperative for the survival of the household.

Property Type:  LIHTC

Larson	1 BEDROOM	2 BEDROOM	3 BEDROOM
# OF APARTMENTS		6	6
*SQUARE FOOTAGE		847	1,089
UTILITY ALLOWANCE	$47	$60 - $110	$134

**RENTS	50%
1 BEDROOM	$459
2 BEDROOM	$508
3 BEDROOM	$583

BENTON COUNTY % BASED INCOME LIMITS

	1 PER	2 PER	3 PER	4 PER	5 PER	6 PER	7 PER	8 PER
50%	$24,800	$28,300	$31,850	$35,400	$38,250	$41,050	$43,900	$46,750