623 Tower Road, Lebanon, MO 65536
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 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.
Tower Village is a 55+ community offering 1 and 2 bedroom floor plans. Amenities include fully-equipped kitchens, washer and dryer equipment, wood vinyl laminate flooring throughout, and water sewer & trash included. There is an office/community building on site and it serves as a center place for activity. Tower Village is located next to Mercy Hospital.
Because Tower Village participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. Depending on the number of HOME-designated units, additional units may have even lower household income requirements and corresponding lower rent caps.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $23,550 / year | $26,900 / year | $30,250 / year | $33,600 / year |
| 50% AMI for PBRA Units | $23,550 / year | $26,900 / year | $30,250 / year | $33,600 / year |
| 60% AMI for LIHTC Units | $28,260 / year | $32,280 / year | $36,300 / year | $40,320 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Tower Village have a waiting list?
Tower Village 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 Tower Village?
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.
What property management company manges Tower Village?
Tower Village is managed by HRM headquartered in Washington, MO.
In addition to Tower Village, how many other affordable housing properties (and units) are there in Lebanon?
In addition to Tower Village, we list 12 other affordable properties in Lebanon. Learn about these properties here. Our data research shows that there are a total of 594 affordable units in Lebanon.
When was the Tower Village listing last updated?
Tower Village listing on Affordable Housing Online was last updated on 01/01/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Patti Lynn Druin says:
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