Welcome to Colony Apartments where you can find comfortable and affordable housing for your family. Their community features two-bedroom apartment homes in a multi-building, garden-style fenced secured complex located in east Columbia’s Bailey Street/Lester Drive neighborhood. Only five miles to downtown Columbia, Colony Apartments is located in close proximity to shopping, dining and schools. There are three bus stops at Colony making transportation a breeze.
Their residents enjoy a wide range of amenities including on-site property management and maintenance; secure property with perimeter fencing and 24-hour surveillance; community center; playgrounds; and updated commercial laundry center with all new washers and dryers. Their professional staff looks forward to providing you with the highest standard of professional property management and are committed to improving the communities where we live and work. It’s a great place to call home!
|Two Bedroom (2/1)||-||Call for Price|
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.
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.
Colony Apartments is managed by Monroe Group Ltd..