Etowah Terrace Senior Residences

1 Etowah Ter SW, Rome, Georgia 30161

Contact Etowah Terrace Senior Residences

Etowah Terrace Seniors Residences is the 16th Mercy Housing development in the state of Georgia. This property offers 77 affordable rental apartments for seniors age 55 and above. The property includes 70 apartments affordable to households earning up to 60% of the area median income. Seven apartments are open to market-rate households. Etowah Terrace seeks to create a living environment designed as a vibrant, upscale and mixed-income community and is part of a larger effort to revitalized the surrounding community.

Eligibility for Etowah Terrace Senior Residences

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 Rome but actual income limits may differ for units at Etowah Terrace Senior Residences.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50%	$23,100	$26,400	$29,700	$33,000	$35,650	$38,300	$40,950	$43,600

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 Rome but actual income limits may differ for units at Etowah Terrace Senior Residences.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$23,100	$26,400	$29,700	$33,000	$35,650	$38,300	$40,950	$43,600
Low Income (60%)	$27,720	$31,680	$35,640	$39,600	$42,780	$45,960	$49,140	$52,320

Etowah Terrace Senior Residences Details

16 bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Fitness Center
Library
Walking Trails
Laundry Facilities
Open Parking

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.