Resident Qualifications

• Bethany actively supports equal opportunity, fair housing
• Age 62 (at least head of household)
• Applicants must meet federally set income restrictions
• Assets: All assets including real estate must be reported.  Any asset disposed of for less than market value within the previous two years must be reported.  The greater of the interest or 2% on assets greater than $5,000 is considered income.  Assets disposed of or not earning any income are reported at 2% of value.
• Preference may be given to those
• displaced or homeless persons,
• paying more than 50% of income for housing,
• living in overcrowded conditions or substandard housing,
• meeting Affirmation Action criteria
• very low income (30% of medium)
• All applicants are put on a waiting list.
• The length of wait is determined by their preference status.