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Cathedral Terrace

701 N Ocean St, Jacksonville, Florida 32202

 Cathedral Terrace is a lively, active community where people care about one another and work to maintain a friendly and supportive neighborhood environment. Coming to live at Cathedral Residences is a gracious yet practical alternative for your retirement. It's home without the worries of upkeep and maintenance. this community requires no financial investment in the form of an endowment or entrance fee. With a modest security deposit, month-to-month leases assure financial flexibility.

Contact Cathedral Terrace

Message Cathedral Terrace

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price

Cathedral Terrace Details

  • 240 0 bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)
  • Tax-exempt Bond

Property Amenities

  • Resident Service Coordinator
  • Pest Control

Unit Amenities

  • Cable Ready
  • Spacious Closets
  • Bathroom Grab Bars
  • Intercom System
  • Wall-to-Wall Carpeting

Office Hours

Day Hours
Monday 8:00am-5:00pm
Tuesday 8:00am-5:00pm
Wednesday 8:00am-5:00pm
Thursday 8:00am-5:00pm
Friday 8:00am-5:00pm

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Low-Income Housing Tax Credit (LIHTC)

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.

Tax-exempt Bond

This property was built or rehabilitated with a tax-exempt bond.

Jacksonville HUD Rental Assistance Income Qualifications

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 Jacksonville but actual income limits may differ for units at Cathedral Terrace.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,750 $18,000 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% $26,250 $30,000 $33,750 $37,500 $40,500 $43,500 $46,500 $49,500
80% $42,000 $48,000 $54,000 $60,000 $64,800 $69,600 $74,400 $79,200

Cathedral Terrace is managed by Carteret Management.

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