OVERVIEW
Residency in all of the apartments at Milton Meadows is limited to those households having moderate to low incomes. In addition to standard wages, income includes monies received from many sources such as pensions, social security, retirement accounts, alimony, etc. Listed below are the current (2020) maximum allowable incomes (by household size) for Thompkins County:
50% Limits - Household Income Cannot Exceed:
1 person: $30,000 Annual Gross Income
2 person: $34,250 Annual Gross Income
3 person: $38,550 Annual Gross Income
4 person: $42,800 Annual Gross Income
5 person: $46,250 Annual Gross Income
6 person: $49,650 Annual Gross Income
Unit
Occupancy
#Units
Rent
60% Limits - Household Income Cannot Exceed:
1 person: $36,000 Annual Gross Income
2 person: $41,100 Annual Gross Income
3 person: $46,260 Annual Gross Income
4 person: $51,360 Annual Gross Income
5 person: $55,500 Annual Gross Income
6 person: $59,580 Annual Gross Income
Occupancy Restrictions and Rental Rates:
Unit
Occupancy
#Units
Rent
2 Bdr
Min 2/Max 4
15
$829
3 Bdr
Min 3/Max 6
18
$959
80% Limits - Household Income Cannot Exceed:
1 person: $48,000 Annual Gross Income
2 person: $54,800 Annual Gross Income
3 person: $61,680 Annual Gross Income
4 person: $68,480 Annual Gross Income
5 person: $74,000 Annual Gross Income
6 person: $79,440 Annual Gross Income
Occupancy Restrictions and Rental Rates:
Unit
Occupancy
#Units
Rent
1 Bdr
Min 1/Max 2
3
$1,005
2 Bdr
Min 2/Max 4
3
$1,121
3 Bdr
Min 3/Max 6
2
$1,039
3 Bdr
Min 3/Max 6
2
$1,239