About This Property
Lakewood Terrace comprises 152 low-income rental units in Belton, Missouri, with a mix of one-, two-, and three-bedroom floor plans serving 12, 92, and 48 units respectively. The property was placed in service in 2002 and is financed through tax-exempt bonds and 4% Low-Income Housing Tax Credits. The community continues to provide affordable housing options for residents of Cass County.
Property Details
Fair Market Rent - Cass County, MO
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $985 |
| 1 Bedroom | $1,098 |
| 2 Bedroom | $1,258 |
| 3 Bedroom | $1,645 |
| 4 Bedroom | $1,931 |
Income Limits - Cass County, MO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,200
- Very Low (50%)
- $30,350
- Low (80%)
- $48,550
- Extremely Low (30%)
- $20,800
- Very Low (50%)
- $34,650
- Low (80%)
- $55,450
- Extremely Low (30%)
- $23,400
- Very Low (50%)
- $39,000
- Low (80%)
- $62,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,300
- Low (80%)
- $69,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,800
- Low (80%)
- $74,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,250
- Low (80%)
- $80,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $53,700
- Low (80%)
- $85,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $57,200
- Low (80%)
- $91,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,200 | $30,350 | $48,550 |
| 2 Persons | $20,800 | $34,650 | $55,450 |
| 3 Persons | $23,400 | $39,000 | $62,400 |
| 4 Persons | $26,500 | $43,300 | $69,300 |
| 5 Persons | $31,040 | $46,800 | $74,850 |
| 6 Persons | $35,580 | $50,250 | $80,400 |
| 7 Persons | $40,120 | $53,700 | $85,950 |
| 8 Persons | $44,660 | $57,200 | $91,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Belton, MO?+
The Fair Market Rent (FMR) for Cass County, MO is: $985 (Studio), $1098 (1BR), $1258 (2BR), $1645 (3BR), $1931 (4BR). Actual rent at subsidized properties like Lakewood Terrace is typically 30% of household income or less.
What size apartments are available at Lakewood Terrace?+
Lakewood Terrace offers the following unit types: 12 One-Bedroom, 92 Two-Bedroom, 48 Three-Bedroom units, for a total of 152 units.
How do I apply for housing at Lakewood Terrace?+
Lakewood Terrace is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Lakewood Terrace?+
Lakewood Terrace is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Cass County, MO?+
For a 4-person household in Cass County, MO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,300, Low Income (80% AMI): $69,300. These limits are set by HUD and updated annually.
What is the price range for apartments in Belton, MO?+
Based on Fair Market Rent for Cass County, the estimated price range is: 1-bedroom: $1098, 2-bedroom: $1258, 3-bedroom: $1645. Actual rent at Lakewood Terrace may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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