Bayberry Point I is managed by Olympia Management INC.
Bayberry Point is a community of stand-alone, single-family homes with 3- and 4-bedroom floor plans. These spacious units are an ideal housing choice for individuals and growing families alike. All homes are move-in ready and equipped with central heat/air, washer/dryer, refrigerator, range, dishwasher, and mini-blinds. Each house also has a private driveway with a carport. Bayberry Point is located in north Lafayette, conveniently close to the junction of I-49/US-167 and I-10.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Three Bedroom (3/2) | - | Call for Price |
Four Bedroom (4/2) | - | 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 the Low-Income Housing Tax Credit program in Lafayette but actual income limits may differ for units at Bayberry Point I.
AMI Band | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $36,450 | $40,500 | $43,750 | $47,000 | $50,250 | $53,500 |
Low Income (60%) | $43,740 | $48,600 | $52,500 | $56,400 | $60,300 | $64,200 |
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.