Who is eligible to rent a property listed as an IZ property?
Eligibility is based on the income limits of the household renting the unit as agreed to by the developer or owner of the unit when the City approved the unit. All IZ units must be rented to households with less than 60% of Area Median Income (AMI). See this chart for incomes based on family size. Some units must be rented to households with lower AMI levels. The developer will tell the renter what the income limit is for each available unit. The AMIs change annually, and are determined by the Federal Department of Housing and Urban Development (HUD).