Redwood Terrace is managed by WinnCompanies.
Choose from spacious two and three bedroom townhomes, featuring spacious kitchens, gleaming hardwood floors, and private fenced-in yards. Enjoy a convenient location close to Route 3 and I-495. Customer service will be delivered with warmth, pride and company spirit.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Two Bedroom (2/1) | 870 | From $1,250 |
Three Bedroom (3/1) | 1102 | From $1,355 To $1,425 |
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 Lowell but actual income limits may differ for units at Redwood Terrace.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $51,950 | $59,400 | $66,800 | $74,200 | $80,150 | $86,100 |
Low Income (60%) | $62,340 | $71,280 | $80,160 | $89,040 | $96,180 | $103,320 |
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.