Why do apartment complexes have maximum salary requirements?

Question

I'm getting an apartment & I totally understand the MINIMUM salary requirements, but why the MAXIMUM salary requirements?

Since when is it BAD to make more than enough money? Wouldn't that mean there's a GREAT chance all bills will be paid?

THANKS IN ADVANCE!

Answer 1

Maybe there is rent control - they have cheaper rents than other places, but want people who need the lower rents to get these apartments.

Answer 2

The complex you are inquiring about might be what is called a "tax credit property".  This has to do with the mortgaging on the complex.  It was possibly partially financed by government money.

Tax credit properties do have maximum salary requirements.

Mia