199 Albright Farms Dr., Gallatin, TN 37072
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,065 - 1,470 per Month† | 1 - 3 Beds | 1 - 2 Baths | 813 - 1,401 Sq Ft |
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.
Location, quality and value combined with incredible floorplans and impressive amenities make The Residences of Gallatin the ideal place to call home! Located in popular Sumner County, Gallatin is a vibrant place where small town charm, big-city amenities, luxury lifestyles and entrepreneurial spirit come together to create a livability factor you won’t find anywhere else. While conveniently located just 30 minutes from the excitement in Nashville via TN-386 and I-65 S, you’re just a short drive back to your own corner of heaven.
It doesn’t stop there! Step inside your 1-, 2-, or 3-bedroom apartment and you will know you are home! Enjoy large living spaces, fully-appointed kitchens, great closets and plenty of storage. The Residences of Gallatin is truly the definition of an apartment home!
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 Residences at Gallatin 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 813ft2 | $1,065† |
| Two Bedroom (2/2) | 1111ft2 | $1,276† |
| Three Bedroom (3/2) | 1401ft2 | $1,470† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 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 |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Residences at Gallatin have a waiting list?
The Residences at Gallatin 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 Residences at Gallatin?
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 Residences at Gallatin?
The Residences at Gallatin is managed by Pedcor Management headquartered in Carmel, Indiana.
In addition to The Residences at Gallatin, how many other affordable housing properties (and units) are there in Gallatin?
In addition to The Residences at Gallatin, we list 17 other affordable properties in Gallatin. Learn about these properties here. Our data research shows that there are a total of 1722 affordable units in Gallatin.
When was the The Residences at Gallatin listing last updated?
The Residences at Gallatin listing on Affordable Housing Online was last updated on 10/19/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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