150 W Dorothy Ln, Kettering, OH 45429
Waiting List Forecast: Likely Long or Closed
Verified for 2023 by Katie Garay| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 567 - 813 Sq Ft |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
We are a garden style apartments designed for elderly & near elderly disabled. The Terraces Apartments boast quality and convenience at an affordable rent. You will have access to many social activities made possible by a large community room with kitchen facilities, and a library as well. You can enjoy shuffle board, corn hole, croquet, and tranquil sitting areas. Our grounds have been carefully landscaped with mature trees, lush plants, and beautiful flowers for added beauty and enjoyment. the building has a special intercom system at the front door for controlled access to each apartment.
This property participates in the Section 8 Project-Based Rental Assistance program meaning the rent for many, if not all, units is based on a tenant's income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. This property was also financed through a HUD-insured private mortgage meaning the owner has oversight from both a private bank and HUD. This usually means The Terraces is kept in good condition. Since this property has a project-based Section 8 contract, you won't need a Section 8 voucher to live here. If you have a voucher, you may have to give it up to live here.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 567ft2 | Rent is Based On Your Income† |
| Two Bedroom (2/1) | 813ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,700 / year | $21,400 / year | $24,860 / year | $30,000 / year |
| 50% AMI for LIHTC Units | $31,150 / year | $35,600 / year | $40,050 / year | $44,500 / year |
| 50% AMI for PBRA Units | $31,150 / year | $35,600 / year | $40,050 / year | $44,500 / year |
| 80% AMI for PBRA Units | $49,850 / year | $57,000 / year | $64,100 / year | $71,200 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Terraces have a waiting list?
The Terraces probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at The Terraces?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges The Terraces?
The Terraces is managed by California Commercial Investment Companies headquartered in Westlake Village, California.
In addition to The Terraces, how many other affordable housing properties (and units) are there in Kettering?
In addition to The Terraces, we list 6 other affordable properties in Kettering. Learn about these properties here. Our data research shows that there are a total of 362 affordable units in Kettering.
When was the The Terraces listing last updated?
The Terraces listing on Affordable Housing Online was last updated on 04/04/2023 by Katie Garay. Remember, a property's status can change so you should contact the property to confirm.
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Takesha Powell says:
"Affordable Housing Online is a great resource that provides a lot of helpful links to get low-income and affordable housing."