In accordance
with the requirements of the Town of Islip Town Board, the four (4) affordable
units will be initially leased to households
with incomes at or below 80% of the HUD Area Median Income for Suffolk
County as adjusted for family size. Maximum income and rent limits for studio
units will be based on family size of 1, one bedroom units will be based on family size 2, and two bedroom
units will be based on family size of 3 in accordance with Town requirements. At
annual recertification, the maximum allowable income shall not exceed 100% of
the then applicable HUD Area Median Income for Suffolk County
as adjusted for family size. Approved rental assistance subsidy will be counted toward minimum income.
Income requirements shall be adjusted annually based on HUD Published Area Median Income
Limits for Nassau/Suffolk County. Minimum Income
Guidelines do not apply to those
applicants with an approved rental subsidy.
Based on the above, the initial maximum
and minimum income limits and rents for the 4 affordable units at Mill House are as follows: