Riverview Terrace offers 60 one-bedroom units for seniors and persons with disabilities. Located at the corner of River Road and Main Street in the charming small town of Cottage Grove, Riverview Terrace is within walking distance to downtown, the local market and transportation. The building has been recently painted, a new roof and two parking lots to accommodate residents and is a smoke free property. The large community room offers Meals on Wheels food program every Tuesday, Wednesday and Thursday, a book and video library, resident meeting space and a computer station to the active residents. There are two elevators to transport residents safely to their unit and laundry facilities located on each floor of the five story building. Bus transportation is located just outside the complex.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | - | Income Based |
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 Cottage Grove but actual income limits may differ for units at Riverview Terrace.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $17,750 | $20,250 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
50% | $29,550 | $33,750 | $37,950 | $42,150 | $45,550 | $48,900 | $52,300 | $55,650 |
80% | $47,250 | $54,000 | $60,750 | $67,450 | $72,850 | $78,250 | $83,650 | $89,050 |
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.