About This Property
Cottonwood Terrace II offers 50 low-income units in Gillette, Wyoming, with a mix of 26 one-bedroom and 24 two-bedroom apartments. The property has been in service since 2009 and serves Campbell County residents. The community provides affordable rental housing options for qualified households.
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 Ii is typically 30% of household income or less.
What size apartments are available at Cottonwood Terrace Ii?+
Cottonwood Terrace Ii offers the following unit types: 26 One-Bedroom, 24 Two-Bedroom units, for a total of 50 units.
How do I apply for housing at Cottonwood Terrace Ii?+
Cottonwood Terrace Ii 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.
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 Ii may be lower for income-eligible households.
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.
Who manages Cottonwood Terrace Ii?+
Cottonwood Terrace Ii is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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