Terry Apartments is managed by The Michaels Organization.
Quiet affordable housing senior apartment community for 62 years or older or disabled. Located near shopping, Wilmington senior center, library and DART bus line. On site laundry facility, community room, and management office. Many activities throughout the month. Please contact site manager for more details.***IF YOU HAVE A DISABILITY AND NEED ASISTANCE WITH THE APPLICATION PROCESS, PLEASE CONTACT THE RENTAL OFFICE AT (302) 655-6661***TDD 711***
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | Call for Price |
One Bedroom (1/2) | - | Call for Price |
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 Wilmington but actual income limits may differ for units at Terry Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $23,450 | $26,800 | $30,150 | $33,500 | $36,200 | $40,280 | $45,420 | $50,560 |
50% | $39,100 | $44,650 | $50,250 | $55,800 | $60,300 | $64,750 | $69,200 | $73,700 |
80% | $62,500 | $71,400 | $80,350 | $89,250 | $96,400 | $103,550 | $110,700 | $117,850 |
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.
Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.