Green Gables Apartments is managed by Housing Authority of the County of Bond.
Green Gables features (40) two-, three-, and four-bedroom single-family homes to serve different household sizes. The project also reaches different income levels with homes targeted to families earning no more than 30%, 50%, and 60% of the area median income. Fourteen homes have project-based Sec. 8 vouchers. In addition, there are four accessible homes for the disabled. These units are part of the state Referral Network, which targets families that were homeless or at risk of being homeless.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Two Bedroom One Bath (2/1) | - | Call for Price |
Three Bedroom One Bath (3/1) | - | Call for Price |
Four Bedroom Two Bath (4/2) | - | Call for Price |
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.
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.