Parkside Residences Apartments

About This Building

Available Residences at Parkside - Total Apartments: 144 - Low Income Apartments: 144 - One Bedroom (1 bdrm) Apartments: 24 - Two Bedroom (2 bdrm) Apartments: 48 - Three Bedroom (3 bdrm) Apartments: 72 Categories of Residences - Senior Apartments - Family Apartments Affordable Living at Parkside Residences - Parkside Residences offers Section 42, LIHTC (Low Income Tax Credit) apartment properties. - Rental rates are determined by the Area Medium Income (AMI) and tenant-based utility allowances. - At least 20% of our apartments are reserved for low-income tenants. Maximum Household Income Limits - The US Department of Housing and Urban Development (HUD) sets annual income limits for households of different sizes. - To qualify for our restricted income apartments, residents must meet the Maximum Allowable Household Income based on household size. Defining Household Size and Income - Household Size: Includes all individuals, regardless of age, who will be residing in the apartment. - Household Income: Includes all income from various sources such as wages, social security payments, retirement benefits, disability payments, welfare and unemployment benefits, as well as interest and dividends payments. Apartment Availability and Waiting Lists - Waiting Lists: Most low income apartments have waiting lists, with some taking years for openings. It is recommended to apply to multiple waiting lists. - Contacting Apartments: We provide direct phone numbers and websites for the apartments. Feel free to reach out to them for information on openings or waiting lists. Apartment Rates and Qualifications - Apartment rates are influenced by 30% of the renter's adjustable gross income. - HUD listings typically do not have published rates, so contacting the apartments is necessary to determine eligibility for income-based rent.