Kingswood Apartments II offer 1 and 2 bedroom family units. The property features include: Balcony, Central Heat/Air, Porch, Range/Hood, Refrigerator, Smoke Alarms, Two-Story, and Walk-In Closet.
|1 Bedroom (1/1)||-||Call for Price|
|2 Bedroom (2/1)||-||Call for Price|
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.
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.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Mount Olive but actual income limits may differ for units at Kingswood Apartments II.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$20,600||$23,550||$26,500||$29,400||$31,800||$34,150||$36,500||$38,850|
|Low Income (60%)||$24,720||$28,260||$31,800||$35,280||$38,160||$40,980||$43,800||$46,620|
Kingswood Apartments II is managed by MACO Management Company.