3500 Old Gibson Rd, Humboldt, TN 38343
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 625 - 955 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.
Waddell Gardens, A Senior Community (55+) is a 48-unit elderly property located on Old Gibson Road, in Humboldt, TN. The complex consists of 24 two-bedroom units and 24 one-bedroom units. Each unit is between approximately 600 and 980 square feet and has a front porch and back patio. Each unit is equipped with a stove, vent hood, refrigerator, dishwasher, disposal, microwave oven and central heat and air conditioning. In addition a washer and dryer unit is provided in every unit as well as ceiling fans. All of the appliances are ENERGY STAR rated. The exterior is constructed of brick and/or vinyl siding. The property includes a picnic area, and a community facility all for the exclusive use of the residents. The Waddell Gardens will be built to cater exclusively to elderly families. Preference is shown to qualified residents that are on the Public Housing Authority’s waiting list. Please call for an appointment today.
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 Waddell Gardens 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 |
|---|---|---|
| 1 Bedroom (1/1) | 625ft2 | Call for Price† |
| 2 Bedroom (2/1) | 955ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $23,400 / year | $26,750 / year | $30,100 / year | $33,400 / year |
| 50% AMI for PBRA Units | $23,400 / year | $26,750 / year | $30,100 / year | $33,400 / year |
| 60% AMI for LIHTC Units | $28,080 / year | $32,100 / year | $36,120 / year | $40,080 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Waddell Gardens have a waiting list?
Waddell Gardens 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 Waddell Gardens?
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 Waddell Gardens?
Waddell Gardens is managed by Envolve Communities LLC headquartered in Montgomery, AL.
In addition to Waddell Gardens, how many other affordable housing properties (and units) are there in Humboldt?
In addition to Waddell Gardens, we list 4 other affordable properties in Humboldt. Learn about these properties here. Our data research shows that there are a total of 365 affordable units in Humboldt.
When was the Waddell Gardens listing last updated?
Waddell Gardens listing on Affordable Housing Online was last updated on 01/02/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
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