Affordable Housing
Affordable Housing Program in Salt Lake City
Altitude on Fifth is an active participant in the Affordable Housing Program, offering affordable housing solutions to all tenants who qualify based on annualized household income limits. Before submitting an application, please review the application checklist below to ensure that you qualify for Essential Housing.
Do I Qualify?
To qualify for an apartment under the affordable housing program (45%, 50%, 55%, or 60% AMI), total household income must be at least 2.5x your monthly rent without exceeding the income limits of the chart outlined below. For example, if your household is one person, your gross annual income must be less than $51,540.00 to qualify for a 60% AMI apartment.
Note: All income is calculated based on GROSS annual income (before taxes). If you are a 1099 employee, income will be based on NET income instead.
City of Salt Lake Household Income Requirement
| Household Members | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| 45% AMI | $38,655 | $44,190 | $49,725 | $55,215 | $59,670 | $64,080 | $68,490 | $72,900 |
| 50% AMI | $42,950 | $49,100 | $55,250 | $61,350 | $66,300 | $71,200 | $76,100 | $81,000 |
| 55% AMI | $47,245 | $54,010 | $60,775 | $67,485 | $72,930 | $78,320 | $83,710 | $89,100 |
| 60% AMI | $51,540 | $58,920 | $66,300 | $73,620 | $79,560 | $85,440 | $91,320 | $97,200 |
Income Verification
- Provide three current consecutive paystubs
- Make 2.5x the monthly rent payment
Pre-Qualification Requirements
To complete the application process, you will be required to produce the following:
- Income Verification Items
- Complete application for every household member 18 years of age and older
- Additional documents that may be required depending on the household's income, assets, and student status