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Affordable Housing Qualifications

Meridian at Wylie participates in the Housing Tax Credit affordable housing program.

Household maximum income limits and all full-time student household limitations apply. The household income is based on gross annual income (before taxes and any deductions) earned and unearned from all sources including, but not limited to; employment, social security, unemployment, child support, public assistance, pensions, annuities, interest income, dividends, stocks, bonds, insurance settlements, recurring gifts from family/friends, lottery winnings, etc.

Documentation will be required of all income, assets, and student status for all household members. Total gross household income must be under the following limits based on household size:

  • Step 1: Review Eligibility

    Prior to submitting an application, review the eligibility parameters for the LIHTC program, as minimum and maximum household income restrictions apply. The rent amount will stay the same for a minimum of one year. Rent is not based on household income; however, Section 8 vouchers or other third-party subsidies are accepted provided they meet or exceed the established rental rates.

    Minimum Household Income: Two times (2x) the rent.

    Maximum Household Income: Gross (pre-tax) income must be below the amounts listed on the following table based on household size.

    # of Occupants60% AMI Maximum Income Limit
    1 Person

    $49,320

    2 Person

    $56,340

    3 Person

    $63,360

    4 Person

    $70,380

    5 Person

    $76,020

  • Step 2: Submit Application and Fees

    Select the floor plan that you desire on the Floor Plans page, review the available apartments on the following screen and click “Start Application” to apply for the apartment of your choosing.

    Please be sure to have all of the necessary documents in order before starting the application as the application, fees and all signatures must be completed within 24 hours or the application will be automatically cancelled without the option to recover progress. Click “Resident Selection Criteria” below for detailed information on the required documents and fees.

    Note: All adult (18+) household members are required to have separate email addresses and create an applicant portal to complete the application online.

    Application Fee: $13 per adult

    The security deposit amount is dependent on the credit screening results and will be due upon approval.

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  • Step 3: Application Processing

    The application will be reviewed in two phases and may take up to 2 weeks. Timely response to documentation requests is crucial to avoid delays, cancellation, and forfeiture.

    Phase 1: Background check conducted. If approved or conditionally approved, the application moves to the second phase.

    Phase 2: Eligibility for the Low-Income Housing Tax Credit (LIHTC) Program is assessed by a compliance team.

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  • Step 4: Schedule Move-In Orientation

    Upon application approval, a member of our leasing team will contact you to schedule your move-in orientation. During this appointment, we will verify your Resident Portal is set up, the apartment utilities are in your name, collect the security deposit and first rent payment, sign your lease, give you a tour of the community and apartment, and hand over the keys to your new home!

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Tailored Benefits

Honoring Service Members

At Meridian at Wylie, we proudly support active military members, veterans, and their families. Whether you’re relocating, transitioning from service, or looking for a comfortable, affordable place to call home, we’re here to help make your move a little easier.

Support Where It Matters

We understand the unique demands that come with military life. From frequent relocations to deployment schedules, finding a stable and supportive living environment is essential. That’s why many of our apartment communities offer benefits tailored for military members and veterans.

As a token of our appreciation, we’re offering a WAIVED application fee and $250 OFF your first month’s rent for qualified military members and veterans. Ask our leasing team about eligibility. We’re here to help guide you through the process.

A Community That Welcomes You

You’ll find more than just an apartment here. You’ll find a place to feel at home. Our communities are designed to offer peace of mind, convenience, and connection for active duty military members, veterans, and their families.

Ready To Learn More?

Contact our leasing office today to take advantage of these exclusive savings and find your next home.

Have Additional Questions?

Contact Us