HOW THE APPLICATION PROCESS WORKS
Applying for a Tax Credit community can be a time-consuming process. Due to all the requirements and requests, it can
sometimes be overwhelming. However, if you are dedicated to the process and are both responsive and accessible during
this time, typically it takes about two weeks to be approved if you are qualified and the apartment is vacant.
We place strict time requirements for your household to submit documents or provide information so that we may move
through the process as quickly as possible. If you do not provide these requests within the time required, you will be
removed from the waiting list, and we will begin processing the next person in line.
If a unit is unavailable, your application will be used to place you on the waitlist; no application fee is due, and no
processing is performed. Should a unit become available, applications are processed in the order they are received.
To help you prepare, we have created this timetable to better educate you on what to expect.
The application process can be summed in three stages:
During this stage the applicant will fill out our pre-qualification application and provide us with the following:
• A government issued photo ID
• A non-refundable application fee, typically $50, however contact your property for the correct amount
• Formal proof of income (typically paystubs).
A screening is performed which includes; credit, criminal, and landlord tenant history, and we calculate total household
projected income. If the applicant passes this initial phase, they will be sent a pre-qualified letter and the official tax credit
application needed for the next step.
2) Intake Interview and Documentation
The applicant schedules a visit to the office within five days accompanied by all household members 18+ years of age.
During the visit they will bring in all the required documents and take part in an interview which will last approximately 60
minutes. The applicant and on-site team member will review the application and documentation. If any documentation or
information has not been received, it will delay the process. The applicant will be required to submit all information within
48 hours and may be required to re-visit the office.
3) Verification and Calculation
The last step of the process is the most time consuming as we need to verify that all information and documentation are
accurate and truthful. During this time the applicant will be required to submit a holding deposit equal to 1 months’ rent
which will reserve the apartment for you. The applicant should be readily accessible as we may need them to provide
additional documents or attend a conference call for verbal verifications.
Once the unit is available the application will be sent out for formal review and approval. If approved, the applicant should
be prepared to sign the lease as soon as the unit is ready for occupancy, or as soon as inspections/approvals are
If the unit is not currently available for immediate move in, we are required to collect the most recent income
and asset information as it is received by the applicant until move in.
We hope this guide was helpful in your understanding of our application process. Please feel free to inquire with the
management office for any questions.