Cotton Bayou Estates l & ll

127 Cotton Bayou Ln, Monroe, Louisiana 71202

Contact Cotton Bayou Estates l & ll

Cotton Bayou Estates offers affordable two, three and four bedroom homes equipped with two full baths, full washer and dryers, garbage disposals, and more great amenities. We are conveniently located to great dining and shopping of 165 South across from the local high school.

Unit (Bd/Ba)	Ft²	Rent
Two Bedroom (2/2)	1196	Call for Price
Three Bedroom (3/2)	1332	Call for Price
Four Bedroom (4/2)	-	Call for Price

Eligibility for Cotton Bayou Estates l & ll

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 Monroe but actual income limits may differ for units at Cotton Bayou Estates l & ll.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$21,700	$24,800	$27,900	$30,950	$33,450	$35,950	$38,400	$40,900
Low Income (60%)	$26,040	$29,760	$33,480	$37,140	$40,140	$43,140	$46,080	$49,080

Cotton Bayou Estates l & ll Details

26 two, three and four bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Clubhouse
Laundry Room
Covered Parking
On-Site Maintenance
Heat Included

Unit Amenities

Air Conditioning
Ceiling Fan(s)
Dishwasher
Garbage Disposal
Microwave
Window Coverings
Storage
Refrigerator
Oven and Range
Full-Size Washer & Dryer Connections
Large Closets

Office Hours

Day	Hours
Monday	10:00am-5:00pm
Wednesday	1:00pm-5:00pm
Thursday	10:00am-5:00pm
Friday	10:00am-5:00pm

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.