Colony Plaza

404 E. St. Louis Avenue , Excelsior Springs, Missouri 64024

Contact Colony Plaza

Colony Plaza , located in the center of Excelsior Springs, is a beautifully-maintained high-rise building with 111 one-bedroom apartments for elderly residents. The property offers easy access to the downtown area, with on-site parking and public transportation nearby. Its outdoor grounds are well-landscaped and include benches and a picnic area. Recently, Colony Plaza's ground-floor community room was completely renovated, including the installation of a new full kitchen for use by resident groups. Section 8 rent subsidies are available to income-qualified applicants. Professional management, including 24-hour emergency response, is provided by Preservation Housing Management (PHM).

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	540	Call for Price

Eligibility for Colony Plaza

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 Excelsior Springs but actual income limits may differ for units at Colony Plaza.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$21,550	$24,600	$27,700	$30,750	$35,140	$40,280	$45,420	$50,560
50%	$35,900	$41,000	$46,150	$51,250	$55,350	$59,450	$63,550	$67,650
80%	$57,400	$65,600	$73,800	$82,000	$88,600	$95,150	$101,700	$108,250

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 Excelsior Springs but actual income limits may differ for units at Colony Plaza.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$35,900	$41,000	$46,150	$51,250	$55,350	$59,450	$63,550	$67,650
Low Income (60%)	$43,080	$49,200	$55,380	$61,500	$66,420	$71,340	$76,260	$81,180

Colony Plaza Details

111 one bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Community Room
Laundry Room
24hr Emergency Maintenance

Unit Amenities

Air Conditioning
Cable Ready
Window Coverings
Carpet
Refrigerator

Nearby Amenities

Close to Dining
Close to Shopping

Section 8 Project-Based Rental Assistance (PBRA)

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.

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.