FAQs

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to your most popular questions

At PK Management, we like to be transparent. We have put together some frequently asked questions (FAQ) to give you more information about us and what we do. If you have a question that you cannot find the answer to, please use the contact us page.

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FAQs

a helpful list for you

Who is PK Management?

PK Management is a property management company that specializes in affordable housing options. Our portfolio consists of conventional, low-income housing tax credit, and section 8, family, and senior living units.

 

Where is PK Management located?

PK Management’s headquarters is located in Cleveland, Ohio. We have satellite offices in Greenville, South Carolina and Denver, Colorado. We manage properties nationwide.

 

Where are your properties located?

View Our Properties

 

What is a conventional unit?

A conventional unit, or market-rate, is an apartment that has no rent restrictions and is not restricted by affordable housing laws.

 

What is a low-income housing tax credit unit?

A low-income housing tax credit unit has a reduced rent under a tiered rent structure. A tiered rent structure means that it’s possible for the same unit to have different rent amounts for occupants with different incomes. They may also have a rental subsidy program attached to them, such as section 8.

 

How do I know if I’m eligible for low-income housing tax credit?

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What is a section 8 unit?

A section 8 unit is an apartment where federal low-income rental assistance programs managed by the U.S. Department of Housing and Urban Development (HUD) assist tenants with their rent.

 

How do I know if I’m eligible for section 8?

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How can I apply for a section 8 voucher?

To apply for public housing or Housing Choice (section 8) vouchers, you will need to visit your local public housing authority.

 

What qualifies you for affordable housing assistance?

The most important qualifying factor is income. Other significant factors are housing and criminal history.

 

Can I still apply if I have a criminal record?

Having a criminal record does not automatically disqualify an applicant. Qualifying will depend on the severity of the arrest or conviction, and the length of time since the offense occurred.

 

What does an income limit mean?

The income limit for an affordable housing program is the maximum amount of income a household can earn to qualify to receive assistance.

The specific figure is based on the city or county’s Area Median Income (AMI), and is adjusted depending on how many persons live in the household (including children). Income qualification is generally separated into three main tiers: Low Income (80% AMI), Very Low Income (50% AMI), and Extremely Low Income (30% AMI).

A household’s income is calculated by its gross income, which is the total income received before making subtractions for taxes and other deductions.

 

What has to be included in my household income?

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How old do I have to be to rent one of your apartments?

Applicants must be at least 18 years old to apply. Some of our properties are senior communities only, and the applicant must meet a certain age requirement (ex. 62 years old or older).

 

 

If you have a question that you cannot find the answer to, please use the contact us page.

contact us