3940 Bell Road, Nashville, TN 37076
Waiting List Forecast: Likely Short or None
Verified for 2024 by Company Admin, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 2 Baths | - |
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.
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Discover your new home at The Flats on Water's Edge! Conveniently located less than 30 minutes from downtown Nashville, our community offers numerous dining, shopping, and entertainment options right outside of your front door. The surrounding neighborhood is sure to offer you a relaxing environment and a multitude of culturally enriching experiences, making The Flats on Water's Edge a great place to call home. Offering a variety of spacious 2 and 3 bedroom apartment homes we are the experts at combining quality and comfort.
Every feature is designed with you in mind, from the outdoor swimming pool to the cozy community clubhouse, we have made sure there is something for everyone. So look no further, your new home awaits you today at The Flats on Water's Edge!
Give us a call at (615) 942-2095 to find out more and to schedule a personal tour of your new home.
*The Flats on Water's Edge participates in an affordable housing program. Household income & student status limitations apply. Please call for more details.
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 The Flats on Water's Edge 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 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many 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 lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/2) | 933-992ft2 | Call for Price† |
| Three Bedroom (3/2) | 1091-1137ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $21,000 / year | $24,000 / year | $27,000 / year | $30,000 / year | $35,140 / year | $40,280 / year |
| 50% AMI for LIHTC Units | $34,950 / year | $39,950 / year | $44,950 / year | $49,900 / year | $53,900 / year | $57,900 / year |
| 50% AMI for PBRA Units | $34,950 / year | $39,950 / year | $44,950 / year | $49,900 / year | $53,900 / year | $57,900 / year |
| 60% AMI for LIHTC Units | $41,940 / year | $47,940 / year | $53,940 / year | $59,880 / year | $64,680 / year | $69,480 / year |
| 80% AMI for PBRA Units | $55,900 / year | $63,900 / year | $71,900 / year | $79,850 / year | $86,250 / year | $92,650 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Flats on Water's Edge have a waiting list?
The Flats on Water's Edge 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 The Flats on Water's Edge?
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 The Flats on Water's Edge?
The Flats on Water's Edge is managed by Dominium headquartered in Plymouth, MN.
In addition to The Flats on Water's Edge, how many other affordable housing properties (and units) are there in Nashville?
In addition to The Flats on Water's Edge, we list 219 other affordable properties in Nashville. Learn about these properties here. Our data research shows that there are a total of 19881 affordable units in Nashville.
When was the The Flats on Water's Edge listing last updated?
The Flats on Water's Edge listing on Affordable Housing Online was last updated on 02/12/2024 by Company Admin. Remember, a property's status can change so you should contact the property to confirm.
More people usually means more waiting lists.
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