No. Algoma Housing Authority only governs 1 building - Grand View Terrace. Also, we do not accept vouchers from other housing authorities.
Yes – When determining eligibility, we count all sources of income, such as wages, social security, pensions, disability compensation, etc. We count only the interest from assets in stocks, bonds, savings, etc.
The home is an asset. When you sell it, we require a settlement sheet that shows the selling price of the home, and related expenses, such as broker fees, taxes, unpaid mortgage balance, etc. We subtract these from the sale price to arrive at the actual asset value. You may invest your assets as you choose.
Yes-However, we must count any money given on your behalf, from trust. For example, if the trust paid for your medical insurance of $800.00 a year, we include the $800.00 as income. If the trust paid for a new car and it is in your name, we count the amount the trust paid for the car.
Yes - a small pet is allowed The pet must be neutered or spayed, up-to-date with its shots, and dogs licensed with the City of Algoma. Permission must be granted by the Algoma Housing Authority before acquiring the pet and additional responsibilities will be addressed at that time.
Two bedroom apartments are offered for double-occupancy. Should one of the members vacate, the remaining member will be moved at his/her own expense, to a single-bedroom apartment when one becomes available.
Rent is "income based" on 30% of the adjusted gross household income, or Flat Rent (highest rent tenant would pay).
Flat rent is based on 80% of Fair Market Rent:
1 bedroom $475
2 bedroom $630
These amounts are subject to change annually.
Security deposits are due within three (3) days of a unit being offered. Security Deposit is currently the equivalent of one month's rent. Pet deposit (if applicable) is an additional $150.00.