The following information is intended to help you understand the subsidized housing programs managed by Impact Seven, Inc. The units were funded by U.S. Department of Housing and Urban Development (HUD) or Rural Development (RD) and we, as a management agent, are required to follow the rules and regulations set up by these federal agencies.
Applicants are determined income-eligible to occupy a unit according to the income guidelines prepared annually by HUD or RD. Generally, the applicant must be at or below 50% of the median income for the county in which the unit is located. This procedure ensures that the subsidized housing is made available only to the very low-income individuals. We will provide these income limits by phone if requested.
Once the application is received by Impact Seven, Inc., a preliminary check of income is done to determine eligibility. If the applicant appears to be income-eligible, the applicant is put on the waiting list if no vacancies are available or if an appropriated sized (number of bedrooms) unit is available, the certification process is begun. If we find you are not eligible you will be notified of the reason(s) why.
Both RD and HUD require reference checks to ensure that the buildings will be cared for, the rent will be paid, and that all tenants will have a peaceful, safe, secure, and sanitary living environment.
All income must be verified including social security, wages, pensions, interest, AFDC, etc. Properties such as real
estate, bank accounts, certificates of deposits, etc., are considered as assets and only the interest (or inputed interest) is included as income. If you currently receive, or expect to receive, social security benefits please include a copy of your current benefits letter with the application.
In elderly or disabled households, expected out of pocket medical expenses (those expenses not covered by Medicare or insurance) in excess of 3% of the gross income are treated as a deduction. Medical insurance premiums are a deduction.
Your doctor, pharmacist, hospital, or insurance company must verify all of these expenses. So that the verification process can be completed efficiently and in a timely manner, please be sure to include names, addresses and phone numbers. Impact Seven, Inc. will provide the forms and assistance during this process.
The amount of rent paid for a unit varies according to income deductions. The tenant will pay 30% of the adjusted
monthly income toward rent and utilities.
A security deposit is required before occupancy and is refunded at the end of tenancy providing no damages or unpaid rent must be retained.
Each tenant is re-certified once a year on the anniversary date of move-in. The process of verifying income and
deductions is begun 10-12 weeks ahead of time to allow for the paperwork to be completed. Rent may go up or down
according to circumstances but will remain at 30% of adjusted monthly income.
You, as the applicant, are responsible for keeping your application up-to-date. If you have a change of address or
telephone number, you should notify this office by telephone or letter advising us of these changes as soon as possible. You may wish to list the name, telephone number and address of a friend or a relative on your application in case we need to reach you about a vacancy and cannot locate you.
If you do not notify us of these changes and we are unable to locate you, your application will be filed in the inactive file and your name will be removed from our waiting list.
When a vacancy occurs, we call the names on the waiting list in order of date of application. If at the time we call you cannot accept a unit your name will remain on the list re-dating the application as to the date you were last called. We do not remove your name from the waiting list unless you request us to do so, or until we have expended a reasonable amount of effort to locate you.
Please do no hesitate to call or write our office if you have further questions.