Covenant Place

8 Millstone Campus Dr, St Louis, Missouri 63146

The Covenant Place, a community for seniors, is a large and friendly living community for those 62 years or older. Located less than a mile from route 67, this community is within short distance of a multitude of shopping centers and restaurants.

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Units

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

Covenant Place Details

  • 102 one bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program

Property Amenities

  • Fitness Center
  • Computer Lab
  • Community Room
  • Library
  • Laundry Room
  • On-Site Maintenance
  • Barber Shop and Beauty Salon

Unit Amenities

  • Dining Area

Nearby Amenities

  • Near Movie Theatre
  • Nearby Parks and Recreation
  • Near Bus Line

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. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

St Louis 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 St Louis but actual income limits may differ for units at Covenant Place.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $19,950 $22,800 $25,650 $28,450 $32,470 $37,190 $41,910 $46,630
50% $33,250 $38,000 $42,750 $47,450 $51,250 $55,050 $58,850 $62,650
80% $53,150 $60,750 $68,350 $75,900 $82,000 $88,050 $94,150 $100,200

Covenant Place is managed by Community Management Corporation.

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