Terrace Heights Village I

2205 Terrace Heights Dr, Auburn, Nebraska 68305

Terrace Heights Village I is an affordable maintenance free living for seniors who are 55 and older. They offer 2 bedroom units.

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1) - $520

Eligibility for Terrace Heights Village I

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 Auburn but actual income limits may differ for units at Terrace Heights Village I .

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $29,700 $33,950 $38,200 $42,400 $45,800 $49,200 $52,600 $56,000
Low Income (60%) $35,640 $40,740 $45,840 $50,880 $54,960 $59,040 $63,120 $67,200

Contact Terrace Heights Village I

Message Terrace Heights Village I

Terrace Heights Village I is managed by Excel Development Group.

Terrace Heights Village I Details

  • 16 two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Community Room
  • Garage

Unit Amenities

  • Handicapped Accessible
  • Refrigerator
  • Oven and Range
  • Washer and Dryer Included
  • Energy Efficient Appliances
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.

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