Frances Towers is managed by Monroe Housing Authority.
Frances Tower … “linking the luxurious present with the romantic past”.
This Art Deco style high-rise offers exceptional city views, a patio, a large courtyard with ambient lighting, fountains, and a shaded porch swing. Antiques compliment sitting
areas, as the grand piano graces the lobby floor awaiting the next musical entertainment.
Beautiful 1 bedroom, 1 bathroom apartment homes including energy-efficient appliance package, window privacy treatments, tile flooring throughout, call-for-aid system in bedroom and bathroom, on-site management and maintenance staff, and 24-hour on-call emergency maintenance.
Community amenities include library with computers and free internet access, fitness center, fitness classes*, and scheduled activities. Scheduled transportation for shopping and dining out, hair salon*, weekday hot lunches and housekeeping services*.
* Additional fees may apply for some services.
Frances Tower Retirement Community is within walking distance to the medical community, River Market, restaurants and cultural venues. Water trash service, electricity and basic cable are included.
Rent based on income.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom One Bath (1/1) | - | 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 Monroe but actual income limits may differ for units at Frances Towers.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $14,580 | $19,720 | $24,860 | $30,000 | $33,450 | $35,950 | $38,400 | $40,900 |
50% | $21,700 | $24,800 | $27,900 | $30,950 | $33,450 | $35,950 | $38,400 | $40,900 |
80% | $34,650 | $39,600 | $44,550 | $49,500 | $53,500 | $57,450 | $61,400 | $65,350 |
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 Frances Towers.
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 |
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.
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.