Rent Calculations
Rent Calculations
Hilltop apartments: subsidies & pricing
- SPRAC (Senior Preservation Rental Assistance Contract) Subsidy
- Hilltop has 76 SPRAC units funded through HUD (Department of Housing and Urban Development)
- The current income limits to qualify for a SPRAC subsidy are:
- $55,000 for a one-person household
- $62,850 for a two-person household
- The tenant pays approximately 30% of his/her income for rent
- Seattle Housing Authority: Project-based
- Hilltop has 30 units funded through SHA
- The current income limits to qualify for a SHA voucher are
- $33,000 for a one-person household
- $37,710 for a two-person household
- The tenant pays approximately 30% of his/her income for rent
- Hilltop also supports SHA Housing Choice Vouchers; tenant payments determined by the Seattle Housing Authority.
- Non-subsidized units
- The remaining units are non-subsidized
- Rent is calculated on 40% of tenant income with a minimum and maximum amount per unit size.
- Studio: $650/month min. $1884/month max.
- Deluxe Studio: $750/month min. $2053/month max.
- One Bedroom: $950/month min. $2145/month max.
- Deluxe One Bedroom: $950/month min. $2396/month max.
Prospective tenants applying for residency at Hilltop House must:
- Be 62 years of age or older
- Fill out an application and provide proof of identity
- Consent to a background check
- Meet the requirements of Hilltop’s Tenant Selection Policy
Prospective tenants applying for subsidy at Hilltop House must meet the above requirements as well as:
- Meet HUD’s financial criteria for rental assistance and be willing to pay rent calculated by HUD
- Be a U.S. citizen or an eligible non-citizen entitled to receive assistance under Section 8, Section 236, Rent Supplement, Rental Assistance Payments, and Section 202/08 programs
- Maintain the apartment as tenant’s only residence
- Disclose Social Security numbers for all household members and provide proof of the numbers reported
- Provide verification of all financial information reported by household
- Have a household size appropriate for the available apartments