To be eligible to apply, your income cannot exceed the following limits that became effective on May 15, 2023, and are subject to change each year:

If your gross yearly income (the amount of your income before any taxes are withheld) is more  than  the  amount  for  the number  of  people  in  your household, you are not eligible to live at Cold Springs Your rent will be based on 30% of your income after any allowances that you may have. We give an allowance of $400 if you are over the age of 62 or if you are disabled, and a $480 dollar allowance for each minor child who lives with you

.

We also subtract a utility allowance of $95 from your monthly income if you move into a

two-bedroom apartment, a utility allowance of $109 from your monthly income if you move into a three-bedroom apartment and a utility allowance  of  $121  if  you  move  into  a  four-bedroom  apartment. These allowances are also subject to change.

As part of the formal application process, we will verify the amount of the income that you currently receive, check rental references, and do a criminal background check. You may apply by filling out the Preliminary Application that is located here

.

You will be placed on a waiting list for this development and we will contact you by mail when your name comes to the top of the waiting list. Please keep in mind that we will need to see your birth certificate, a photo i.d., and your Social Security card when we have an available rental unit for you.

The security deposit is $200 and must be paid before you will receive the keys to your apartment.

If you have any questions, please contact:

Jackie Eberhart, Property Manager

live@cobrah.com

(814) 695-7548 or (814) 944-1559