Lyman Terrace is managed by The Community Builders, Inc..
Lyman Terrace Apartments is a currently being renovated on its second phase , the suburban community set minutes from downtown Holyoke, Massachusetts.
Residents enjoy the ease of a work-life balance with access to health and entertainment locations, within minutes to the community. Conveniences such as the Holyoke Health Center, The Holyoke Canal Walk, and The Holyoke Children’s Museum are just a few of the many amenities in the neighborhood.
This community offers an unmatched living option with attention to quality living, spacious floor plans, and a welcoming staff. Contact their leasing staff for a personal tour of their latest affordable 1, 2, 3, and 4 bedroom apartments.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom One Bath (1/1) | 579 | Call for Price |
Two Bedroom One Bath (2/1) | 885 | Call for Price |
Three Bedroom One in a half Bath (3/1.5) | 994 | Call for Price |
Four Bedroom One in a half Bath (4/1.5) | 1022 | 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 Holyoke but actual income limits may differ for units at Lyman Terrace.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $20,950 | $23,950 | $26,950 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
50% | $34,900 | $39,850 | $44,850 | $49,800 | $53,800 | $57,800 | $61,800 | $65,750 |
80% | $55,800 | $63,800 | $71,750 | $79,700 | $86,100 | $92,500 | $98,850 | $105,250 |
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 Holyoke but actual income limits may differ for units at Lyman Terrace.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $34,900 | $39,850 | $44,850 | $49,800 | $53,800 | $57,800 | $61,800 | $65,750 |
Day | Hours |
---|---|
Monday | 8:30am-5:00pm |
Tuesday | 8:30am-5:00pm |
Wednesday | 8:30am-5:00pm |
Thursday | 8:30am-5:00pm |
Friday | 8:30am-5:00pm |
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.