We’re thrilled that you are interested in making Stony Run at Stockade your next home. As an affordable housing community, Stony Run creates a unique opportunity for eligible applicants to obtain apartments at rates that can not be found elsewhere.

Before you apply, it is important to understand our income requirements and the steps to take in order to qualify. 

The community is reserved for households earning up to 110% of the area’s median income (AMI) as determined by the U.S. Department of Housing and Urban Development (HUD).

Step 1: Find Your Apartment Size

Find an apartment that matches your household size.

Your household size must include everyone who will live in the apartment.

  • 1BRs accommodate 1-3 people

  • 2BRs accommodate 2-5 people

  • 3BRs accommodate 3-5 people

Step 2: Confirm Your Household Income Meets Requirements

When calculating eligibility, it is important to include all income sources from all household members. Income sources may include:

  • Salary or annual wages

  • Hourly earnings

  • Overtime pay

  • Tips

  • Commissions

  • Bonuses

  • Recurring monetary gifts

  • Social Security benefits

  • Pension income

  • Dividend income

  • Child support

 

Your combined gross (pre-tax) household income must fall below designated maximum income limits. Applicants cannot exceed the income limit established for their household size.  

MAXIMUMS

  • 1 Occupant: $90,350
  • 2 Occupants: $103,250
  • 3 Occupants: $116,150
  • 4 Occupants: $129,050
  • 5 Occupants: $139,400
  • 6 Occupants: $149,700
  • 7 Occupants: $160,000
Step 3: Gather Required Documentation

To verify income and complete the qualification process, applicants must provide supporting documentation. Be prepared to submit:

  • Two most recent pay stubs and/or documentation for other income sources

  • Two most recent bank statements for all financial accounts

Providing complete and accurate documentation will help ensure your application is processed as efficiently as possible.

Step 4: Apply

Submit your application and one of our affordable housing experts will work with you to verify your income and process your application.

Depending on the exact amount of your income, our experts will match you with an apartment that is designated for those earning up to 80%, 90%, 100% or 110% of AMI.

The full set of income requirements for each type of apartment can be found here.

Questions About Eligibility?

Every household situation is unique. If you have questions about occupancy requirements, income calculations, or qualifying income sources, the Stony Run leasing team can help explain the criteria and guide you through the application process. We look forward to speaking with you!