Frequently Asked Questions - St. Louis Landing

FAQ

Who determines AMI and how often does it change? The U.S. Department of Housing and Urban Development (HUD) determines the AMI (Area Median Income) annually for each county and metro area. This number may be higher for larger households and bigger units. What are the income limits for apartment homes at this community? Apartment homes at our community are set aside for households with annual income that falls within the income limits required by the applicable affordable program. Please reference the income chart to ensure you are qualified prior to starting an application. Who is responsible for confirming affordable program eligibility, and what happens if I am over income? You are responsible for confirming the affordable program eligibility requirements for any unit you are interested in. Being over income will result in a denied application due to the restrictions for this community. How is the allowable rent calculated? The allowable rent is tied to the number of bedrooms and the affordable program that applies to the unit, the AMI (Area Median Income) for the county or metro area, and the applicable utility allowance. Can rent change even if my household income does not change? Because the AMI (Area Median Income) and utility allowance are updated annually, the allowable rent for a unit can also change. This means that a unit's rent may change even if your household income hasn't changed. What is a utility allowance and how does it affect rent? A utility allowance is an estimated amount set by our affordable program to cover the cost of utilities such as electricity, water, or gas. This amount is factored in and deducted from the maximum allowable rent to ensure your total housing cost stays within program limits—it is not a credit or a refund. Can the utility allowance change, and will I be notified? This amount will change annually, and you will be notified of the change. The change may or may not increase your rent. When are applications accepted for the Lottery Drawing? November 6th -15th Where do I send my application? stlouislanding@gb85.com When will the lottery drawing be held? November 17, 2026, at 1:30 PM. How do I qualify? All applicants must meet the required Area Median Income (AMI) guidelines and workforce housing eligibility standards to qualify. When is the anticipated move in date? Anticipated move in dates of January 1, 2027. What are the up front costs? App fee of $28.75 per person<br> $200 holding deposit<br> What is due at move in? Prorated Rent for the month, Deposit $750- equal to two months rent, $200 admin fee. What happens if you have additional units available post lottery? Applications will be accepted on a rolling basis after November 15th if spots remain.