Affordability now comes with a view! IMPORTANT! Applicants must comply with the following Affordable Housing waitlist for 2 bedroom apartments for $778. If your income is under $25,700 1 person, $29,350 2 people, $33,000 3 people, or $36,650 4 people, you may qualify for affordable housing. Affordable Housing Program APPLICATION REQUIREMENTS Applicants for residency must satisfy four criteria for approval 1. INCOME Rent may not exceed 40 of gross income. Rent plus monthly expenses may not exceed 50 of gross income. Income must be verifiable. 2. EMPLOYMENT Stable employment of six months or longer with the current employer. If length of employment is less than six months, most recent prior employment will be considered, provided that it is in the same business or industry. If the applicant is retired or disabled and is otherwise able to document sufficient income to support rent, employment is not required for approval. 3. RESIDENT HISTORY Positive landlord references an... At Princeton Properties, we are constantly working to raisethe level of customer service that we provide to our residents and guests.