Preiss Steele Place

500 Pickwick Trl, Durham, NC 27704

Waiting List Forecast: Open Until Further Notice

check_circleVerified for 2024 by Lorena Bentley
Rent Beds Baths SqFt
Call for Rents Floorplan Info Upon Request - -
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

Waitlist Information

Whitted School and Preiss Steele Place Apartments, Project-Based Rental Assistance Waiting List

Go to the public housing authority page for this waiting list >>

Preiss-Steele is named for DHA Board of Commissioners members Jack J. Preiss, and Alma G. Steele and provides 82 affordable housing apartments for Durham's low-income elderly citizens.

Dave's Thoughts On Preiss Steele Place

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 Preiss Steele Place 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. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with very low incomes.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Preiss Steele Place

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people
30% AMI for PBRA Units $21,250 / year $24,300 / year $27,350 / year $30,350 / year $35,140 / year $40,280 / year $45,420 / year $50,560 / year
50% AMI for LIHTC Units $35,400 / year $40,450 / year $45,500 / year $50,550 / year $54,600 / year $58,650 / year $62,700 / year $66,750 / year
50% AMI for PBRA Units $35,400 / year $40,450 / year $45,500 / year $50,550 / year $54,600 / year $58,650 / year $62,700 / year $66,750 / year
60% AMI for LIHTC Units $42,480 / year $48,540 / year $54,600 / year $60,660 / year $65,520 / year $70,380 / year $75,240 / year $80,100 / year
80% AMI for PBRA Units $56,650 / year $64,750 / year $72,850 / year $80,900 / year $87,400 / year $93,850 / year $100,350 / year $106,800 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Preiss Steele Place

Does Preiss Steele Place have a waiting list?

Preiss Steele Place has a waiting list. See above for waiting list details.

Are rents subsidized at Preiss Steele Place?

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 Preiss Steele Place, how many other affordable housing properties (and units) are there in Durham?

In addition to Preiss Steele Place, we list 367 other affordable properties in Durham. Learn about these properties here. Our data research shows that there are a total of 6546 affordable units in Durham.

When was the Preiss Steele Place listing last updated?

Preiss Steele Place listing on Affordable Housing Online was last updated on 04/06/2024 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Preiss Steele Place

Savannah Place

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bed 2-3
payment $1716-1978/mo.
switch_access_shortcut Short Wait
accessibility Accessible

JFK Towers

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Cole Mill Place Apartments

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Lovett Square

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bed 2-3
payment $800-900/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Glendale Apartments

823 N Mangum St, Durham, North Carolina 27701

bed 2
payment $515/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Sherwood Park Apartments

500 McCallie Ave, Durham, North Carolina 27704

bed Studio-3
payment $804-1629/mo.
switch_access_shortcut Short Wait
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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