Oakwood Terrace

400 W Elm Street, Princeton, Missouri 64673

Contact Oakwood Terrace

Residents of Oakwood Terrace must meet a minimum age requirement of 55 years old.

Eligibility for Oakwood Terrace

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 Princeton but actual income limits may differ for units at Oakwood Terrace.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$14,700	$19,720	$24,860	$30,000	$35,140	$40,280	$43,300	$46,100
50%	$24,450	$27,950	$31,450	$34,900	$37,700	$40,500	$43,300	$46,100
80%	$39,100	$44,650	$50,250	$55,800	$60,300	$64,750	$69,200	$73,700

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 Princeton but actual income limits may differ for units at Oakwood Terrace.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$24,450	$27,950	$31,450	$34,900	$37,700	$40,500	$43,300	$46,100

Oakwood Terrace Details

35 bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Section 221 (d) (3)

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.