501 S Grand St , Monroe, LA 71201
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Ouachita Grand Plaza is the ideal community for frail elderly persons needing some assistance yet able to live independently. The oversized hallways are perfect for personal transport vehicles such as motorized wheelchairs and scooters. There are 91 affordable residences available to qualifying seniors, and handicap units are available.
Each residence is equipped with energy-efficient kitchen appliances including range/oven and refrigerator/freezer. Other features include central heat and air, window privacy blinds, smoke detectors, and emergency pull cords in bedroom and bath. Water and trash service are included. Required utilities to be paid by resident are: Electric.
Flat and Income based rents are available.
Pet Policy
Pets are allowed with deposit (some restrictions apply).
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Ouachita Grand Plaza does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $14,580 / year | $19,720 / year | $24,860 / year | $30,000 / year | $33,450 / year | $35,950 / year | $38,400 / year | $40,900 / year |
| 50% AMI for LIHTC Units | $21,700 / year | $24,800 / year | $27,900 / year | $30,950 / year | $33,450 / year | $35,950 / year | $38,400 / year | $40,900 / year |
| 50% AMI for PBRA Units | $21,700 / year | $24,800 / year | $27,900 / year | $30,950 / year | $33,450 / year | $35,950 / year | $38,400 / year | $40,900 / year |
| 60% AMI for LIHTC Units | $26,040 / year | $29,760 / year | $33,480 / year | $37,140 / year | $40,140 / year | $43,140 / year | $46,080 / year | $49,080 / year |
| 80% AMI for PBRA Units | $34,650 / year | $39,600 / year | $44,550 / year | $49,500 / year | $53,500 / year | $57,450 / year | $61,400 / year | $65,350 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Ouachita Grand Plaza have a waiting list?
Ouachita Grand Plaza probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Ouachita Grand Plaza?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
In addition to Ouachita Grand Plaza, how many other affordable housing properties (and units) are there in Monroe?
In addition to Ouachita Grand Plaza, we list 49 other affordable properties in Monroe. Learn about these properties here. Our data research shows that there are a total of 3465 affordable units in Monroe.
When was the Ouachita Grand Plaza listing last updated?
Ouachita Grand Plaza listing on Affordable Housing Online was last updated on 03/17/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
You can still apply to online applications without internet access.
If you don't have internet access, go to a local public library that has devices with an online connection.Joana Warren says:
"Affordable Housing Online is a good place to see which Section 8 waiting lists are open."