Park Terrace is managed by Rockford Housing Authority.
Park Terrace is centrally located near Rockford’s downtown area with convenient access to the East side business district. With its spacious apartments and other amenities, Park Terrace offers the enjoyment of a beautiful park like surrounding with friendly people. Enjoy active, independent living.
Appliances are furnished for each apartment. Private off street resident parking. On site laundry facilities. Located on the RMTD bus line. Full cable service is available with local TV stations, a “Meet and Eat” program is located on site.
Heat, water, and gas furnished.
For additional information contact management at (815) 489-8663 or by cell phone at (815) 509-9576
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | Call for Price |
One Bedroom One Bath (1/1) | - | Call for Price |
Three Bedroom One Bath (3/1) | - | 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 Rockford but actual income limits may differ for units at Park Terrace.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
30% | $17,300 | $19,800 | $24,860 | $30,000 | $35,140 | $40,280 |
50% | $28,850 | $33,000 | $37,100 | $41,200 | $44,500 | $47,800 |
80% | $46,150 | $52,750 | $59,350 | $65,900 | $71,200 | $76,450 |
Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.