Sagetree Terrace is getting its finishing touches and will soon be ready to move-in its first resident! This building is a HUD 202 and Tax Credit community for older adults (62+) with 64 one (1) bedroom units and a two (2) bedroom manager's unit. All units will feature a full kitchen and living room and a bathroom with built-in safety features.
Individual apartments consist of a full kitchen, living/dining area, bedroom and full bath. Energy star appliances will be used whenever possible throughout the apartment. Additionally, there is a pull cord system within each unit; one near the bed and the other strategically located in the bathroom.
There will be a community room with a kitchen. Community space will also include an exercise room, computer room, library, arts and crafts room, trash rooms equipped with trash chutes on each floor, and a central laundry room. There will be a covered patio area with tables and chairs off the community room where residents can have BBQs, parties, and socialize with one another and their guests.
Sagetree Terrace will be equipped with cameras for monitoring all entry points at the front, rear and sides of the building. This helps to provide a more secure environment for the residents. They're able to retrieve their mail, discard their trash, do their laundry, attend social e
|1 Bedroom (1/1)||606||Call for Price|
|2 Bedroom (2/1)||679||Call for Price|
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.
Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.
Sagetree Terrace Apartments is managed by Retirement Housing Foundation.