Eligibility Requirements for Affordable Retirement in Mesa

A Great Value in Mesa, AZ

Discovery Point is a fun and delicious place to live! The best news is that it is surprisingly affordable. Discovery Point is the result of a unique public/private sector partnership through which government agencies, commercial lenders, and private entities are investing in affordable housing. The Housing Tax Credits, allocated by the Arizona Department of Commerce, allow Discovery Point to offer the highest quality of senior retirement community living at prices well below the market rates. Apartments are unfurnished, with no buy-ins, membership, or endowment fees.

Discovery Point rents apartments to residents 62 years of age or older, whose income does not exceed the limits listed below. This program is called the Federal Low-Income Tax Credit Program and is administered by the Arizona Department of Commerce. Rent is regulated under this program.

Who is Eligible for Discovery Point?

Households have to be income-qualified in order to lease an apartment at Discovery Point.

The eligibility is determined by sources such as Social Security, pensions, interest earned from CD's, bank accounts, and other similar assets, or a percentage of those assets (whichever is greater).

Income limits are based upon 60% of the Maricopa County annual median income.

Maximum Household Income (Income + Asset Income = Household Income):

• One person $28,020
• Two persons $31,980

All income sources must be verified. The application process can take up to three weeks to verify the financial information, however, many applications are processed in much less time. All records are kept confidential.