What does "income-restricted" mean for Florence Square?
Plus Icon

Income-restricted housing means that apartments are available at a discounted rate for individuals or households whose income is 40%, 50% or 60% or less of the area’s Average Median Income (AMI). This allows eligible residents to enjoy our homes at an affordable price. Please contact our team for more details on which you’d qualify for.

How do I qualify for an 60% AMI income-restricted apartment at Florence Square?
Plus Icon

To qualify for an 60% AMI income-restricted apartment, single occupancy residents must have an annual income less than $58,860. Double occupancy residents must have a combined annual income less than $67,260. Income documentation will be required and verified during the application process. Please see chart for additional persons income limit

Individual Leases
Plus Icon

Individual leasing means peace of mind for you. Your financial responsibility is only for your space unlike many apartments or rental houses where a joint lease is signed. If a roommate moves out of Elara for any reason, you do not have to worry about having to cover their portion of rent. This is just another reason why Elara is your best option! 

How do I qualify for an 50% AMI income-restricted apartment at Florence Square?
Plus Icon

To qualify for an 50% AMI income-restricted apartment, single occupancy residents must have an annual income less than $49,050. Double occupancy residents must have a combined annual income less than $56,050. Income documentation will be required and verified during the application process. Please see chat for additional persons income limit.

What does it mean to have an individual lease?
Plus Icon

Individual leasing means that each person is only responsible for their portion of the common areas and their bedroom. If your roommate ends up not coming back for the remainder of their term, you’re not responsible for their payment.

What types of income documentation will I need to provide?
Plus Icon

Applicants will need to submit various forms of income documentation, which may include recent pay stubs, tax returns, and other proof of income. Our leasing agents will guide you through the documentation process to ensure you meet the eligibility requirements.

How can I apply for an income-restricted apartment At Florence Square?
Plus Icon

You can apply by clicking the "Apply Now" link on our website. If you have any questions or need assistance with the application process, our friendly leasing agents are available to help."

Income Limit
1 Person
2 People
3 People
4 People
5 People
6 People
HOME 41% AMI
$36,520
$41,760
$46,960
$52,160
$56,360
$60,520
40% AMI
$39,240
$44,840
$50,440
$56,040
$60,560
$65,040
50% AMI
$49,050
$56,050
$63,050
$70,050
$75,700
$81,300
60% AMI
$58,860
$67,260
$75,660
$84,060
$90,840
$97,560
Lease Now