About This Property
Cottonwood Terrace I comprises 50 low-income units in Gillette, Wyoming, with a mix of 32 one-bedroom and 18 two-bedroom apartments. The property, which entered service in 2006, serves elderly residents and operates under 9% Low-Income Housing Tax Credit financing. The community is currently managed and available for occupancy.
Property Details
Fair Market Rent - Campbell County, WY
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $878 |
| 1 Bedroom | $934 |
| 2 Bedroom | $1,067 |
| 3 Bedroom | $1,433 |
| 4 Bedroom | $1,811 |
Income Limits - Campbell County, WY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,000
- Very Low (50%)
- $31,650
- Low (80%)
- $50,650
- Extremely Low (30%)
- $21,700
- Very Low (50%)
- $36,200
- Low (80%)
- $57,850
- Extremely Low (30%)
- $24,400
- Very Low (50%)
- $40,700
- Low (80%)
- $65,100
- Extremely Low (30%)
- $27,100
- Very Low (50%)
- $45,200
- Low (80%)
- $72,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,850
- Low (80%)
- $78,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $52,450
- Low (80%)
- $83,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $56,050
- Low (80%)
- $89,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $59,700
- Low (80%)
- $95,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,000 | $31,650 | $50,650 |
| 2 Persons | $21,700 | $36,200 | $57,850 |
| 3 Persons | $24,400 | $40,700 | $65,100 |
| 4 Persons | $27,100 | $45,200 | $72,300 |
| 5 Persons | $31,040 | $48,850 | $78,100 |
| 6 Persons | $35,580 | $52,450 | $83,900 |
| 7 Persons | $40,120 | $56,050 | $89,700 |
| 8 Persons | $44,660 | $59,700 | $95,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Gillette, WY?+
The Fair Market Rent (FMR) for Campbell County, WY is: $878 (Studio), $934 (1BR), $1067 (2BR), $1433 (3BR), $1811 (4BR). Actual rent at subsidized properties like Cottonwood Terrace I is typically 30% of household income or less.
What size apartments are available at Cottonwood Terrace I?+
Cottonwood Terrace I offers the following unit types: 32 One-Bedroom, 18 Two-Bedroom units, for a total of 50 units.
What are the income limits for affordable housing in Campbell County, WY?+
For a 4-person household in Campbell County, WY, the income limits are: Extremely Low Income (30% AMI): $27,100, Very Low Income (50% AMI): $45,200, Low Income (80% AMI): $72,300. These limits are set by HUD and updated annually.
What is the price range for apartments in Gillette, WY?+
Based on Fair Market Rent for Campbell County, the estimated price range is: 1-bedroom: $934, 2-bedroom: $1067. Actual rent at Cottonwood Terrace I may be lower for income-eligible households.
How do I apply for housing at Cottonwood Terrace I?+
Cottonwood Terrace I 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 Cottonwood Terrace I?+
Cottonwood Terrace I is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Cottonwood Terrace I?+
Cottonwood Terrace I primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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