Sycamore Place II Sr. Hsg.

Welcome to Sycamore Place II Senior Housing a 40 unit Senior (62+) Project-Based Rental qith accessible units. Since this property was built using funding through HUD's Section 202 Supportive Housing for the Elderly program, residency is restricted to persons who earn 50% of the Area Median Income (AMI) or less. Like other rental assistance programs like Section 8, resident's rents are based on their income and the tenant contribution is set at 30% of the tenants income. The HOME Rental Assistance Program provides affordable housing to low and moderate income families. Apartment communities that participate in the program must ensure that 90% of units are occupied by households at or below 60% of the area median income and the remaining 10% of the units are occupied by households at or below 80% of the area median income. Furthermore, if the community has five or more units participating in the HOME program, 20% of those units must be occupied for households at or below 50% of the area median income. Sycamore Place 2 is a HUD Apartment. HUD residents usually pay 30% of their gross income for rent. The rent amount, less approved HUD deductions such as medical and child care expenses, and other allowances, includes a utility allowance. HUD Residents also may choose to pay what is known as flat rent. The HACC works with applicants to determine which rent arrangement is best for them. Sycamore Place is a senior low income housing apartment subsidized by the federal governments HUD (Housing and Urban Development Division). Contact Sycamore Place for complete details on the current vacancies and housing applications. Our experience in affordable senior housing development is hard to beat; CCH buys, builds and preserves a growing number of properties each year. The more housing we build, the more communities and seniors we are able to serve.