Plaza Terrace is a fourteen unit development purchased under the Low Income Housing Preservation and Resident Home Ownership Act (LIHPRHA). Four two-bedroom residences as well as and ten three-bedroom townhouses with 1.5 baths are available for rent. The financing included a capital grant as well as Section 8 operating subsidies to acquire the property and complete $500,000 in renovations. Improvements included electrical and mechanical upgrades, new windows, kitchens, bathrooms and front entrances. Completed in 1997, the Plaza Terrace property adds a great deal of stability to a very depressed neighborhood. Each unit includes hardwood floors, an eat-in kitchen, and full basement with laundry hook-up. Potential renters whose income qualifies may pay 30% of their income towards rent.
Note: Apartments may not have openings or may have long waiting lists. Call for complete details.
* Mileage is based as direct lines from geocoded point to point (as the crow flies). Please check google maps for exact directions and road miles.
|Persons In Family Household||Poverty Guideline|
|For Households with more than 8 persons, add $4,180 for each additional person.|
*Alaska and Hawaii have different rates for HUD federal poverty guidelines.