The Pinewood Apartments consists of 17 affordable apartment units. All residents are 62 years of age or older, or have a verifiable disability. All of the units are contained in one building with 16 one bedroom units and 1 two bedroom unit. It is a Class B Rural Development (RD) 515 with a HUD Section 8 contract covering 100% of the units. This program creates affordable rental housing for low income residents of rural areas in the United States. Tenants at Pinewood pay rent equal to 30% of their income with the rest paid by Rental Assistance (RA) from the government. When the property is sold, it can remain in the program or convert to market rate.