Timberland Apartments is managed by Lewis Kirkeby.
The building is funded by HUD, rent is based off 30% of gross income. For those who are 62 or over, handicapped or disabled, medical expenses can be used in determining rent. We have a rent structure that meets requirements of most income levels; please call the property to find out the current qualifications
There are 24 of these 2 and 3 bedroom apartments. The kitchens are a open concept that looks into the dining / living room. You have on-site laundry, off street parking, and accross the street from the Open Cut & the Lead City Park.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
2 BR (2/1) | - | Income Based |
3BR (3/2) | - | 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 Lead but actual income limits may differ for units at Timberland Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
30% | $18,100 | $20,650 | $24,860 | $30,000 | $35,140 | $40,280 |
50% | $30,100 | $34,400 | $38,700 | $43,000 | $46,450 | $49,900 |
80% | $48,150 | $55,000 | $61,900 | $68,750 | $74,250 | $79,750 |
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.