Cottage Hill is managed by Wilhoit Properties.
Cottage Hill offers below market rate rent to income eligible persons age 55 and over. Well maintained community situated in the heart of Kimberling City close to shopping, restaurants, and medical facilities. These spacious homes have a one-car attached garage and lots of storage with a large walk-in closet in each bedroom. Stove, refrigerator, dishwasher, washer, and dryer are included. Please call today for more information about Cottage Hill!
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Two Bedrooms (2/1) | 1000 | 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 the Low-Income Housing Tax Credit program in Kimberling City but actual income limits may differ for units at Cottage Hill.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $23,550 | $26,900 | $30,250 | $33,600 |
Low Income (60%) | $28,260 | $32,280 | $36,300 | $40,320 |
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.