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Please note, this is for an open waiting list for low and median income affordable housing. Applicants should meet ONE of the following criteria to pre-qualify: 1.) Current resident of the city of Monterey 2.) Currently employed in the city of Monterey or 3.) A previous resident of Monterey for 5 consecutive years INCOME WILL BE VERIFIED by City of Monterey Housing Agency. You will be asked to submit the following: - All applicants over the age of 18 must complete an individual application. - Income Tax Returns past 3 years if available - Paystubs (3 months) - Bank Statements (12 consecutive months) - Assets - Social Security Benefits - Public Benefits (Section 8? General Assistance?) - Other Income - Low Income Max: $67,450 per year (1 Occupant) / $77,100 (2 Occupants) - Median Income Max: $70,300 per year (1 Occu[pant) / $80,300 (2 Occupants) - Total gross income required is 2x the monthly rent. Proof of income must be provided at the time of application. POLICIES: Maximum 2 occupants No Pets Smoke-Free Building Utilities: Tenant pays water, sewage, trash to 3rd party company and electric Parking: Street or City Garage (monthly permit) FEATURES: - Semi-furnished studios with separate sleeping area. - Full bathroom - Full kitchen - Laundry facilities in building - Spacious storage locker Security deposit = min. 1 month's rent Deposit and first month's rent due at lease signing Affordable LOW and MEDIAN INCOME units available now at Osio Plaza. The following priority will go to current residents or employee in Monterey. 1.) Current resident of the city of Monterey 2.) Currently employed in the city of Monterey or 3.) A previous resident of Monterey for 5 consecutive years INCOME WILL BE VERIFIED by City of Monterey Housing Agency - You will be asked to submit 12 months of pay stubs with your Rental Application - Income Tax Returns past 3 years if available - Bank Statements - Assets - Social Security Benefits - Public Benefits (Section 8? General Assistance?) - Other Income - Low income: $67,450 max per year (1 adult occupants) / $77,100 max per year (2 adult occupants) - Median income: $70,300 max per year ( 1 adult occupants) / $80,300 max per year (2 adult occupants) FEATURES: - Semi-furnished studios with separate sleeping area. - Full bathroom - Full kitchen - Laundry facilities in building - Spacious storage locker POLICIES: No Pets Smoke-Free Building Utilities: Tenant pays water, sewage, trash to 3rd party company and electric Parking: Street or City Garage (monthly permit) RENT: $1,405/ mo for low income $1,464/mo for median income Security deposit = min. 1 month's rent Deposit and first month's rent due at lease signing
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