Macarthur Terrace is managed by Dimeo Properties, Inc..
The property is made up of 42 two-story garden- and townhouse-style residential buildings and three single-story support buildings, including a management office, community center, and utility building.
In total, the property includes 122 one-bedroom units, 78 two-bedroom units, and 22 three-bedroom units, all of which will be rented to households earning no more than 60 percent of area median income. One hundred forty-six of these units are family housing, while 76 units will be reserved for seniors.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom One Bath (1/1) | - | Call for Price |
Two Bedroom One Bath (2/1) | - | Call for Price |
Three Bedroom One in a half Bath (3/1.5) | - | 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 Chicopee but actual income limits may differ for units at Macarthur Terrace.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
30% | $20,950 | $23,950 | $26,950 | $30,000 | $35,140 | $40,280 |
50% | $34,900 | $39,850 | $44,850 | $49,800 | $53,800 | $57,800 |
80% | $55,800 | $63,800 | $71,750 | $79,700 | $86,100 | $92,500 |
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.
Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.