Rainbow Terrace LIHTCPB Section 8 Cleveland, OH

Profile last updated · Data vintage: HUD FY2025

Rainbow Terrace is a Project-Based Section 8 community in Cleveland, OH with 484 units reporting 93% occupancy. Assisted residents pay about $151/month on average.

484
total units
93%
occupancy
$151
avg resident rent
reported wait

Resident & program facts (HUD-reported)

Program(s)Project-Based Section 8, Low-Income Housing Tax Credit (LIHTC)
Address7304 Carson Ave, Cleveland, OH 44104 Map →
Average household income$5,976/yr
Average personal income$2,449/yr
People per unit2.4
Moved in within last year25%
Households below 30% AMI95%
Households below 50% AMI99%

How to apply at Rainbow Terrace

LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.

  1. Call or visit the management office at 7304 Carson Ave, Cleveland; ask if the waitlist is open and request an application.
  2. Gather ID, Social Security cards, birth certificates, and proof of all income. Applications are always free.
  3. Claim eligible preferences (homelessness, veteran, local residency) with documentation.
  4. Respond fast to interview letters; verify rent expectations against your budget (~$151/mo average here).

Other subsidized housing in Cleveland

Nearby subsidized housing (within ~10 km)

PropertyLocationDistance
3495 East 98th Llc PB Section 8Cleveland2 km
Chn Xii LIHTCCleveland2 km
Carver Park Phase I PB Section 8Cleveland2.4 km
New Community Place Apartments LIHTCPB Section 8Cleveland2.4 km
Arbor Park Village PB Section 8Cleveland2.8 km
Arbor Park Village Phase I LIHTCPB Section 8Cleveland2.8 km
Arbor Park Village Phase Ii LIHTCPB Section 8Cleveland2.8 km
Chn Viii LIHTCCleveland2.8 km

← All subsidized housing in Cleveland

Frequently asked questions

What kind of subsidy does Rainbow Terrace have?
Project-Based Section 8; Low-Income Housing Tax Credit (LIHTC). LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
How much is rent at Rainbow Terrace?
Residents report average rents near $151/month in HUD administrative data. Under most federal programs you pay roughly 30% of adjusted income — your actual amount depends on household income and unit size.
How do I apply at Rainbow Terrace?
Contact the management office at 7304 Carson Ave in Cleveland. Ask whether the waitlist is open, request an application, and claim any preferences you qualify for. There is never a fee to apply for HUD-subsidized housing.

Figures from HUD's Picture of Subsidized Households (FY2025) and/or LIHTC database (2024); administrative averages that may lag current conditions. Equal Housing Opportunity. This site is not affiliated with HUD or the property owner.