Cathedral Terrace

701 N Ocean St, Jacksonville, Florida 32202

Contact Cathedral Terrace

Cathedral Terrace is a lively, active community where people care about one another and work to maintain a friendly and supportive neighborhood environment. Coming to live at Cathedral Residences is a gracious yet practical alternative for your retirement. It's home without the worries of upkeep and maintenance. this community requires no financial investment in the form of an endowment or entrance fee. With a modest security deposit, month-to-month leases assure financial flexibility.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price

Eligibility for Cathedral Terrace

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 Jacksonville but actual income limits may differ for units at Cathedral Terrace.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$18,600	$21,250	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$31,000	$35,400	$39,850	$44,250	$47,800	$51,350	$54,900	$58,450
80%	$49,600	$56,650	$63,750	$70,800	$76,500	$82,150	$87,800	$93,500

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 Jacksonville but actual income limits may differ for units at Cathedral Terrace.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$31,000	$35,400	$39,850	$44,250	$47,800	$51,350	$54,900	$58,450

Cathedral Terrace Details

245 one bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Tax-exempt Bond
Section 221 (d) (3)
Section 236

Property Amenities

Resident Service Coordinator
Pest Control

Unit Amenities

Cable Ready
Spacious Closets
Bathroom Grab Bars
Intercom System
Wall-to-Wall Carpeting

Office Hours

Day	Hours
Monday	8:00am-5:00pm
Tuesday	8:00am-5:00pm
Wednesday	8:00am-5:00pm
Thursday	8:00am-5:00pm
Friday	8:00am-5:00pm

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.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Tax-exempt Bond

This property was built or rehabilitated with a tax-exempt bond.

Section 236

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.