Monroe Estates

601 North Monroe , Lebanon, Missouri 65536

Contact Monroe Estates

Monroe Estates combines a multi-story building for elderly residents with six garden-style buildings for families. Residents of Monroe Estates are in easy walking distance to shopping, restaurants and churches in the community, with easy access to I-44.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	570	Call for Price
Two Bedroom (2/2)	912	Call for Price
Three Bedroom (3/2)	1038	Call for Price

Eligibility for Monroe Estates

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 Lebanon but actual income limits may differ for units at Monroe Estates.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$14,580	$19,720	$24,860	$30,000	$35,140	$39,000
50%	$23,550	$26,900	$30,250	$33,600	$36,300	$39,000
80%	$37,650	$43,000	$48,400	$53,750	$58,050	$62,350

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 Lebanon but actual income limits may differ for units at Monroe Estates.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$23,550	$26,900	$30,250	$33,600	$36,300	$39,000
Low Income (60%)	$28,260	$32,280	$36,300	$40,320	$43,560	$46,800

Monroe Estates Details

74 one, two and three bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Laundry Room
24hr Emergency Maintenance

Unit Amenities

Air Conditioning
Garbage Disposal
Cable Ready
Window Coverings
Carpet
Security System
Refrigerator

Nearby Amenities

Close to Dining
Close to Shopping
Near Hospital
Near Schools

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.