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Village Meadow

1400 Village Drive , Boonville, Missouri 65233

Village Meadow is housing for seniors. Its 52 one-bedroom apartments feature air conditioning, dishwashers and private entrances with garden space. The pet-friendly property includes laundry and parking on site, as well as high-speed internet connection and cable hook-ups. Public transportation is nearby. Rent subsidies are available to income-qualified applicants. Professional management services, including 24-hour emergency response, is provided by Preservation Housing Management (PHM).

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 600 Call for Price

Village Meadow Details

  • 52 0 bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Community Room
  • Organized Activities
  • Laundry Room
  • 24hr Emergency Maintenance

Unit Amenities

  • Air Conditioning
  • Garbage Disposal
  • Window Coverings
  • Carpet
  • Refrigerator
  • Extra Storage

Nearby Amenities

  • Close to Dining
  • Close to Public Transportation
  • Close to Shopping
  • Near Hospital

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.

Boonville 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 Boonville but actual income limits may differ for units at Village Meadow.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $14,150 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% $23,500 $26,850 $30,200 $33,550 $36,250 $38,950 $41,650 $44,300
80% $37,600 $43,000 $48,350 $53,700 $58,000 $62,300 $66,600 $70,900

Boonville Low-Income Housing Tax Credit Income Limits

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 Boonville but actual income limits may differ for units at Village Meadow.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $23,500 $26,850 $30,200 $33,550 $36,250 $38,950 $41,650 $44,300
Low Income (60%) $28,200 $32,220 $36,240 $40,260 $43,500 $46,740 $49,980 $53,160

Village Meadow is managed by Preservation Housing Management .

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Image of Village Meadow
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Image of Village Meadow