Cypress Point Apartments offers 1 Bedroom units for those 62 years or older and/or disabled. All units are non-smoking and offer an electric range, frost-free refrigerator, and quality interior and exterior construction. There is a residential community room as well as on-site laundry.
There is a $300 security deposit required. One (1) pet allowed within policy requirements. Pet fee required.
|1 Bedroom (1/1)||-||Income Based|
This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.
Cypress Point Apartments is managed by Professional Property Management, Inc (PPM).