About This Property
Key Terrace provides 40 one-bedroom units for low-income residents in Kettering, Ohio, with occupancy designated for individuals experiencing homelessness. The property has been in service since 2017 and is managed to serve this population. Contact information is available through the property management office.
Property Details
Fair Market Rent - Montgomery 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 | $743 |
| 1 Bedroom | $800 |
| 2 Bedroom | $1,023 |
| 3 Bedroom | $1,330 |
| 4 Bedroom | $1,459 |
Income Limits - Montgomery County, OH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,900
- Very Low (50%)
- $26,500
- Low (80%)
- $42,400
- Extremely Low (30%)
- $18,200
- Very Low (50%)
- $30,300
- Low (80%)
- $48,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,100
- Low (80%)
- $54,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,850
- Low (80%)
- $60,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,900
- Low (80%)
- $65,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,950
- Low (80%)
- $70,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,950
- Low (80%)
- $75,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,000
- Low (80%)
- $79,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,900 | $26,500 | $42,400 |
| 2 Persons | $18,200 | $30,300 | $48,450 |
| 3 Persons | $21,960 | $34,100 | $54,500 |
| 4 Persons | $26,500 | $37,850 | $60,550 |
| 5 Persons | $31,040 | $40,900 | $65,400 |
| 6 Persons | $35,580 | $43,950 | $70,250 |
| 7 Persons | $40,120 | $46,950 | $75,100 |
| 8 Persons | $44,660 | $50,000 | $79,950 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Kettering, OH?+
The Fair Market Rent (FMR) for Montgomery County, OH is: $743 (Studio), $800 (1BR), $1023 (2BR), $1330 (3BR), $1459 (4BR). Actual rent at subsidized properties like Key Terrace is typically 30% of household income or less.
What size apartments are available at Key Terrace?+
Key Terrace offers the following unit types: 40 One-Bedroom units, for a total of 40 units.
What is the price range for apartments in Kettering, OH?+
Based on Fair Market Rent for Montgomery County, the estimated price range is: 1-bedroom: $800. Actual rent at Key Terrace may be lower for income-eligible households.
What are the income limits for affordable housing in Montgomery County, OH?+
For a 4-person household in Montgomery County, OH, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,850, Low Income (80% AMI): $60,550. These limits are set by HUD and updated annually.
How do I apply for housing at Key Terrace?+
Key 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 Key Terrace?+
Key Terrace is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Key Terrace?+
Key Terrace primarily serves formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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