Rolla Apartments

1101 McCutchen Rd, Rolla, Missouri 65401

Contact Rolla Apartments

Located in Rolla, Missouri, Rolla Apartments offers one and two bedroom garden apartments catered towards an elderly independent living community. There is a base age requirement of 62 and monthly rent is based on the renter’s income. The property is conveniently located near shops, restaurants, and medical facilities.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Income Based
Two Bedroom (2/1)	-	Income Based

Eligibility for Rolla Apartments

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 Rolla but actual income limits may differ for units at Rolla Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$15,050	$19,720	$24,860	$30,000
50%	$25,050	$28,600	$32,200	$35,750
80%	$40,050	$45,800	$51,500	$57,200

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 Rolla but actual income limits may differ for units at Rolla Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$25,050	$28,600	$32,200	$35,750

Rolla Apartments Details

150 one and two bedroom units.
Section 202 Supportive Housing for the Elderly
Public Housing
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

Public Housing

Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.

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.