Lake Sherwood is a mixed income community that offers apartment homes for unrestricted and restricted income residents. Restricted income residents are subject to the Maximum Allowable Household Incomes identified below.
HOUSEHOLD SIZE: Includes each person who will reside in the home.
HOUSEHOLD INCOME: All income from any income source, including but not limited to, all wages, social security payments, retirement benefits, military and veteran's disability payments, unemployment benefits, welfare benefits, and interest and dividend payments.
MAXIMUM ALLOWABLE HOUSEHOLD INCOME: HUD (“US Department of Housing of Urban Development”) publishes annual income limits based on household size that are used to determine the maximum household income.