Rents drop at Wilton Commons
It’s not often an individual’s expenses go down, but because of a drop in the rent limits set by the Federal Low Income Tax Credit Program, monthly rents at Wilton Commons have been reduced. Wilton Commons, on Station Road, offers 51 units of affordable housing for senior citizens over 62 at three income levels referred to as tiers.
The charges were lowered because the rent limits for 2013 turned out to be lower than the 2012 rent limits that were in effect at the April 2012 construction loan closing. The rents were lowered for all residents effective at initial occupancy.
The monthly rent for Tier I is $1,278. Applicants may have incomes starting at $42,700.01 up to a maximum of $51,240 for one person, or a minimum of $48,800.01 to $61,680 for two people.
The rent for Tier II is $1,049. Applicants may have incomes starting at $21,350.01 up to a maximum of $42,700 for one person or a minimum of $24,400.01 to $48,800 for two people.
The rent for Tier III is $477. Applicants may have a maximum income of $21,350 for one person or $24,400 for two people.
Originally the rents were $1,360 for Tier 1, $1,119 for Tier II, and $517 for Tier III.
As of earlier this month, there still a few Tier I units available. Both Tier II and Tier III have waiting lists, but only applications for Tier II are being taken.
At Wilton Commons there are no monthly common charges. Rent includes water, hot water, sewer, taxes, trash removal, maintenance, a 24-hour emergency call system, secure entry system, landscaping, and snow removal. Residents are responsible for their own phone, cable and electric bills.
Applications are overseen by Mutual Housing Association of Southwestern Connecticut and are available at the organization’s office at 63 Stillwater Avenue, Stamford CT 06902, or online at mhaswct.org.
— Jeannette Ross