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Parham Park Place Seniors Apartment Homes |
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Rental and Qualification Information |
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The Management of Parham Park Place Seniors Apartment Homes has provided the following information to assist in answering the most commonly asked questions regarding our community. |
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Occupancy Limits |
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Rental Rates and Security Deposits |
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Maximum of two persons per apartment home age 62 and older |
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All apartment homes are two bedroom with one bath
All security deposits are $250.00 (refundable)
All application/credit check fees are:
-0- (fee waived)
Rental Rates are from $720.00 to $835.00 |
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Pets |
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Pet deposit of $200.00 (non-refundable, restrictions apply)
Only those pets approved in writing in advance will be permitted. A weight limit of 25 pounds and 18 inches tall at full growth and only one dog or one cat per apartment home will apply. |
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Income Qualifications |
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The Parham Park Place Seniors Apartment Homes participates in the Federal Tax Credit Program as administered by Virginia Housing Development Authority in order to provide affordable rents to households with incomes, which are in a pre-determined range. This benefit allows us to offer apartment homes at affordable rates. |
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Minimum income level for 1 or 2 person households is $15,600.00 |
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RENT RATE |
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INCOME LEVEL |
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Maximum income level for a 1 person household is: |
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$24,050.00 |
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$720.00 (if available) |
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$27,500.00 |
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$720.00 (if available) |
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Maximum income level for a 2 person household is: |
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$835.00 |
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$28,860.00 |
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Maximum income level for a 1 person household is: |
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$835.00 |
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$33,000.00 |
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Maximum income level for a 2 person household is: |
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Income from all sources must be disclosed. This includes full and part time employment, alimony, social security, pensions, retirement funds, interest on bank accounts, etc. To verify current employment, an employment verification will be completed by the employer and returned to Parham Park Place Seniors Apartment Homes. Self employment income will be verified by an account or bookkeeper's statement of net income and a statement from the business owner on the anticipated income; or financial statement from the business owner along with an affidavit or notarized statement from the applicant forecasting the anticipated income for the next
twelve months or the prior year's tax return along with a notarized statement. Income from assets is imputed and then added to
regular income to determine eligibility. Assets include savings current balance and checking balance average for six
month period, trust funds, stocks,bonds, CD's, IRA's, real estate etc. All assets must have third party verification. |
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Credit and Rental History |
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Both credit and rental or mortgage history must be in good standing. Negative credit rating over two years old will be considered on case by case basis accepted at the discretion of the Property Manager. All rental or mortgage payment history for past two years must be positive. |
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Last updated: 7/23/07 |
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Home |
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