Under the program, students who meet income guidelines receive an average of $1,763 a year in Federal assistance.
Under the co-op's rules, new buyers had to meet income guidelines.
The apartments were built for middle-income families, who have to meet income guidelines.
To qualify, applicants must fall within the required income guidelines and reside in homes that they own.
The poverty level in 1986 was $7,240 for a family of two, according to Federal income guidelines.
Still, the 75,000 represent only 14 percent of the children eligible under the income guidelines.
Fifty units will be set aside for people 55 and over meeting Federal income guidelines of up to $26,600 for a couple.
For further information and income guidelines, call 995-6434 or contact a public school guidance counselor.
The affordable homes can be sold only to buyers who meet the income guidelines.
But no one who currently rents an apartment will have to leave because of the income guidelines.