About This Property
Annunciation Terrace comprises 50 low-income units in Akron, Ohio serving elderly residents. The property includes 40 one-bedroom and 10 two-bedroom units and has been in service since 1999. Financing includes HOME funding and 9% Low-Income Housing Tax Credits, with non-profit ownership and management.
Waitlist Information
Waitlist managed by Akron Metropolitan Housing Authority
Eligibility includes low-income families, seniors, and disabled persons, with priority given to those with the greatest need. Preferences may include Summit County residency, being homeless, or paying over 30% of income for rent and utilities. Applicants must be 18+, meet income limits, and all adult household members must pass a criminal background check.
Preferences may include rent burden or homelessness, involuntary displacement by government action, veteran status, SCCS certified emancipated youth, and Summit County residency.
Waitlist data provided by section8waitlist.org
Updated October 23, 2026
Property Details
Fair Market Rent - Summit 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 | $728 |
| 1 Bedroom | $816 |
| 2 Bedroom | $1,039 |
| 3 Bedroom | $1,301 |
| 4 Bedroom | $1,389 |
Income Limits - Summit County, OH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,850
- Very Low (50%)
- $28,050
- Low (80%)
- $44,900
- Extremely Low (30%)
- $19,250
- Very Low (50%)
- $32,050
- Low (80%)
- $51,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $36,050
- Low (80%)
- $57,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,050
- Low (80%)
- $64,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,300
- Low (80%)
- $69,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,500
- Low (80%)
- $74,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,700
- Low (80%)
- $79,500
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,900
- Low (80%)
- $84,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,850 | $28,050 | $44,900 |
| 2 Persons | $19,250 | $32,050 | $51,300 |
| 3 Persons | $21,960 | $36,050 | $57,700 |
| 4 Persons | $26,500 | $40,050 | $64,100 |
| 5 Persons | $31,040 | $43,300 | $69,250 |
| 6 Persons | $35,580 | $46,500 | $74,400 |
| 7 Persons | $40,120 | $49,700 | $79,500 |
| 8 Persons | $44,660 | $52,900 | $84,650 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Akron, OH?+
The Fair Market Rent (FMR) for Summit County, OH is: $728 (Studio), $816 (1BR), $1039 (2BR), $1301 (3BR), $1389 (4BR). Actual rent at subsidized properties like Annunciation Terrace is typically 30% of household income or less.
What size apartments are available at Annunciation Terrace?+
Annunciation Terrace offers the following unit types: 40 One-Bedroom, 10 Two-Bedroom units, for a total of 50 units.
What are the income limits for affordable housing in Summit County, OH?+
For a 4-person household in Summit County, OH, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,050, Low Income (80% AMI): $64,100. These limits are set by HUD and updated annually.
Who manages Annunciation Terrace?+
Annunciation Terrace is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Akron, OH?+
Based on Fair Market Rent for Summit County, the estimated price range is: 1-bedroom: $816, 2-bedroom: $1039. Actual rent at Annunciation Terrace may be lower for income-eligible households.
Is there a waitlist for Annunciation Terrace?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at Annunciation Terrace?+
Annunciation 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 is eligible to live at Annunciation Terrace?+
Annunciation Terrace primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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