Coolidge Station Apartments

What Coolidge Station Apartments's governing documents say

Coolidge Station Apartments is a 24-unit rental housing community in Coolidge, AZ, that participates in the federal Low-Income Housing Tax Credit (LIHTC) program. This document is a legal agreement between the property owner and the state, not a set of rules for residents. It restricts the owner to keep all units affordable for low-income households and includes tenant protections like lease length and eviction standards. If you are a prospective tenant, your income will be verified to ensure you qualify for the reduced rent.

• Affordability & income limits: 100% of the 24 units must be rented to households earning 60% or less of the area median gross income (AMI). At least 3 units are set aside for special needs populations (e.g., homeless, elderly, disabled). Tenants must recertify income annually, and if income later exceeds 140% of the limit, the unit may lose its low-income status.
• Lease terms & renewals: Initial leases must be for a term of at least six months. The owner cannot refuse to rent to applicants who hold a Section 8 voucher or similar rental assistance.
• Tenant protections: Tenants may only be evicted for good cause. Even if the property is foreclosed or the affordability agreement ends, existing low-income tenants cannot be evicted or have their rent increased for three years after termination.
• Non-discrimination: The owner cannot discriminate based on race, color, creed, sex, age, handicap, marital status, or national origin in renting units or hiring staff (except for lawful age restrictions).
• Project amenities & features: The project includes a playground, ramada with barbecues, gas hydronic heating, electric air conditioning, refrigerators, gas ranges, and washer/dryer hookups. These amenities must be provided on a comparable basis to all residents.
• What this document doesn't cover: This document does not include typical HOA or apartment community rules such as pet policies, parking, noise, guest restrictions, or maintenance responsibilities. Those rules would be found in a separate lease or community handbook.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.