Foxwood Manor

1. Application Requirements

• Individual Applications: Each occupant aged 18 or older must complete a separate application and pay any applicable non-refundable application fees.

• Identification: All applicants must provide a valid government-issued photo ID.

2. Income & Financial Requirements

To qualify for residency, applicants must demonstrate verifiable household income.

• Minimum Income: The total household gross monthly income must be at least three (3) times the monthly rent.

• Combined Income: We consider the combined income of all roommates. However, to ensure financial stability, each individual applicant must earn a minimum of 60% of the total qualifying income required for the unit.

• Verification: Income will be verified via third-party sources, including recent pay stubs, tax returns, and/or employer verification.

3. LIHTC Program Eligibility

Because this property participates in the Federal Affordable Housing Program, the following additional rules apply:

• Maximum Income Limits: Total household gross annual income cannot exceed the current limits set by the Department of Housing and Urban Development (HUD) based on household size.

• Student Status: Households consisting entirely of full-time students are generally ineligible unless they meet specific IRS exceptions (e.g., single parents, recipients of AFDC/TANF, or those enrolled in certain job training programs).

4. Credit History

We utilize a statistically validated scoring model to measure an applicant’s financial risk. A credit history depicting any of the following may be grounds for denial:

• Unpaid Liens or Judgments: Any outstanding legal financial obligations.

• Bankruptcy: Any bankruptcy filing, unless the applicant can provide verification that positive credit has been reestablished and maintained for at least three (3) years following the discharge.

• Score Model: Applications are evaluated based on a risk-score threshold that considers payment history, debt-to-income ratios, and public records.

5. Rental & Criminal History

• Rental History: Applicants must have a positive rental reference. Evictions within the last [7] years or outstanding balances owed to previous landlords may result in denial.

• Criminal Background: A criminal background check will be conducted for all applicants. We evaluate criminal history on a case-by-case basis, considering the nature and severity of the offense and the time passed since the conviction.

6. Occupancy Standards

To prevent overcrowding, we adhere to the following occupancy guidelines:

• One Bedroom: Maximum of [3] occupants.

• Two Bedroom: Maximum of [5] occupants.

Equal Housing Opportunity

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.