About This Property
Summer Tree Terrace provides 24 two-bedroom units designed for elderly residents in Jeffersonville, Ohio. The property was placed in service in 2000 and operates as a non-profit-owned affordable housing community funded through HOME and 4% LIHTC credits. All 24 units serve low-income households.
Property Details
Fair Market Rent - Fayette County, OH
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $611 |
| 1 Bedroom | $722 |
| 2 Bedroom | $870 |
| 3 Bedroom | $1,128 |
| 4 Bedroom | $1,230 |
Income Limits - Fayette County, OH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,950
- Very Low (50%)
- $23,250
- Low (80%)
- $37,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,550
- Low (80%)
- $42,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,850
- Low (80%)
- $47,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,150
- Low (80%)
- $53,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $35,850
- Low (80%)
- $57,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,500
- Low (80%)
- $61,550
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,150
- Low (80%)
- $65,800
- Extremely Low (30%)
- $43,800
- Very Low (50%)
- $43,800
- Low (80%)
- $70,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,950 | $23,250 | $37,150 |
| 2 Persons | $17,420 | $26,550 | $42,450 |
| 3 Persons | $21,960 | $29,850 | $47,750 |
| 4 Persons | $26,500 | $33,150 | $53,050 |
| 5 Persons | $31,040 | $35,850 | $57,300 |
| 6 Persons | $35,580 | $38,500 | $61,550 |
| 7 Persons | $40,120 | $41,150 | $65,800 |
| 8 Persons | $43,800 | $43,800 | $70,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Jeffersonville, OH?+
The Fair Market Rent (FMR) for Fayette County, OH is: $611 (Studio), $722 (1BR), $870 (2BR), $1128 (3BR), $1230 (4BR). Actual rent at subsidized properties like Summer Tree Terrace is typically 30% of household income or less.
What size apartments are available at Summer Tree Terrace?+
Summer Tree Terrace offers the following unit types: 24 Two-Bedroom units, for a total of 24 units.
What is the price range for apartments in Jeffersonville, OH?+
Based on Fair Market Rent for Fayette County, the estimated price range is: 2-bedroom: $870. Actual rent at Summer Tree Terrace may be lower for income-eligible households.
Who is eligible to live at Summer Tree Terrace?+
Summer Tree Terrace primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Fayette County, OH?+
For a 4-person household in Fayette County, OH, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,150, Low Income (80% AMI): $53,050. These limits are set by HUD and updated annually.
Who manages Summer Tree Terrace?+
Summer Tree Terrace is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Summer Tree Terrace?+
Summer Tree 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.
Contact Information
Walk Score
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