New Requirements

Learn about leasing and how to apply for an apartment at Covenant Place.

 

HOTMA Asset Fact Sheet

Effective January 1, 2024 HUD has made changes to its eligibility guidelines. Since Covenant Place uses the HUD guidelines we need to inform you of the changes. Below are some changes that could affect your application and approval on the waiting list:

  • You can no longer have assets valued over $100,000 (Not including retirement accounts).

  • If you own Real Property suitable for living like a house, condo, or mobile home you may no longer be eligible for any of the programming at Covenant Place. There are certain exemptions that may apply.

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