Eligibility for Terrace Park Apartments
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Fayette but actual income limits may differ for units at Terrace Park Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $14,580 | $19,720 | $24,860 | $30,000 | $35,140 | $37,850 | $40,450 | $43,050 |
| 50% | $22,850 | $26,100 | $29,350 | $32,600 | $35,250 | $37,850 | $40,450 | $43,050 |
| 80% | $36,550 | $41,750 | $46,950 | $52,150 | $56,350 | $60,500 | $64,700 | $68,850 |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Fayette but actual income limits may differ for units at Terrace Park Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $22,850 | $26,100 | $29,350 | $32,600 | $35,250 | $37,850 | $40,450 | $43,050 |
Terrace Park Apartments Details
- 40 bedroom units.
- Section 8 Project-Based Rental Assistance (PBRA)
- Section 221 (d) (3)
Section 8 Project-Based Rental Assistance (PBRA)
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
Nearby Low Income Apartment Communities like Terrace Park Apartments
Mayfair Manor Apartments
Brookside Village Apartments
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