Eligibility Requirements for the Elderly
- One member of the household must be 60 years or over.
- Financial qualifications - reviewed annually.
- Net income for admission (reviewed annually):
- For one person: $44,750.
- For two people: $51,150.
- (Net income is gross income (from Social Security, pensions, interest on savings, money markets, etc.) less deductions, $300 deduction (2nd person in apartment), plus cost of medical insurance premiums, and medical costs incurred out of pocket, after deducting 3% of gross income).
- Asset limits: There are no asset limits. However, income from assets will be used to determine rent to be paid.
- Net income for admission (reviewed annually):