Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Prescott but actual income limits may differ for units at North Terrace Addition.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $13,590 | $18,310 | $23,030 | $27,750 | $32,470 | $34,950 | $37,350 | $39,750 |
50% | $21,100 | $24,100 | $27,100 | $30,100 | $32,550 | $34,950 | $37,350 | $39,750 |
80% | $33,750 | $38,550 | $43,350 | $48,150 | $52,050 | $55,900 | $59,750 | $63,600 |
North Terrace Addition is managed by Prescott Housing Authority.