Affordable housing eligibility is based on Area Median Income (AMI) and varies by household size.
At The Palms at Riva, apartment homes are designated at the following income levels:
- 30% AMI (Very Low Income)
- 50% AMI (Low Income)
- 60% AMI (Moderate Income)
Each apartment home is pre-assigned to a specific AMI level, and applicants must qualify within the income limits for that designated home.
- Income limits are set by regulatory agencies and updated annually
- Qualification is based on total household income and household size
- Applicants must meet the income requirements at the time of approval
Our team is available to help you understand which income tier you may qualify for and guide you through the process.