Holland Homes has 114 one bedroom apartments which have federal Section-8 subsidy attached. This means that a person qualifying to live at
Holland Homes must first be at least 62 years old and total income must be at or below the current posted income limits ($33,350.00 for a single family household and $38,100.00 for a two person household).
On Section-8 assisted units, the rent portion that the resident pays is based on a calculation of income and expenses. Generally speaking, the adjusted income would be multiplied by 30% to determine a residents rent. As an example, a person with an income of $15,000.00 and adjustments (medical expenses) of $4,000.00 annually would pay monthly rent of $275.00 / month.
A persons monthly rent can not be calculated without all of the income and expenses being considered so rent on the S-8 units is variable
based on these factors. Once you apply for an apartment, you will be given a calculation of what the monthly resident rent portion would be.
More detailed information is available for you at the site or at the web site.
www.hud.gov.