Income Qualified Apartments in Tracy, CA
The Vela are proud to offer Income Qualified (BMR) homes to make high-quality apartment living more attainable in the Tracy community.
To qualify for Tracy’s BMR program, households must fall within certain income limits, as defined in the City of Tracy’s below market rent guidelines. Look below for the current rent and income limits to see if your income falls under the maximum, measured as a percentage of AMI (area median income).
BMR income restrictions at The Vela are:
- 120% of AMI for one-bedrooms starting at $2,160
- 120% of AMI for two-bedrooms starting at $2,574
- 120% of AMI for three-bedrooms starting at $2,934
Maximum Income Limits are subject to change annual by the City of Tracy. Below will describe the total annual median income you can have in each home based off the size of household of 2022 in the San Joaquin County Area.
- Household total of 1 person: $84,250
- Household total of 2 people: $96,300
- Household total of 3 people: $108,300
- Household total of 4 people: $120,350
- Household total of 5 people: $130,000
- Household total of 6 people: $139,600
- Household total of 7 people: $149,250
Please get in touch with our leasing team with any questions about income-restricted apartments and would like to apply!
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