Kaybern Terrace residents must be either an elderly person or a person with a disability, and have a stable income. Residents of Kaybern Terrace pay either a low, fixed rental rate per month, or 30% of the tenant's adjusted monthly income, whichever is higher.
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.
Kaybern Terrace Apt is managed by Cascade Management, Inc.