700 Holly Ave, Gadsden, AL 35901
Waiting List Forecast: Likely Short or None
Verified for 2018 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $408 per Month† | 2 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.
Holly Park is an affordable senior housing complex located in Gadsden Alabama. We offer 2 bedroom units with many unit amenities and features. Unit amenities include high energy appliances including a Energy Star range, refrigerator, and dishwasher; central heat and air; washer & dryer connections in each unit, patios, outside storage closets, and window coverings. Property amenities include a community laundry room. Additionally, we offer a community 4th of July Cookout, Labor Day Cookout, tax services provided by David Smith, and fire department safety instructions.
Because Holly Park Estates 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. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, 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) | - | $408† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $23,000 / year | $26,300 / year | $29,600 / year | $32,850 / year |
| 50% AMI for PBRA Units | $23,000 / year | $26,300 / year | $29,600 / year | $32,850 / year |
| 60% AMI for LIHTC Units | $27,600 / year | $31,560 / year | $35,520 / year | $39,420 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Holly Park Estates have a waiting list?
Holly Park Estates 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 Holly Park Estates?
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 Holly Park Estates?
Holly Park Estates is managed by The Vantage Group headquartered in Fyffe, Alabama.
In addition to Holly Park Estates, how many other affordable housing properties (and units) are there in Gadsden?
In addition to Holly Park Estates, we list 21 other affordable properties in Gadsden. Learn about these properties here. Our data research shows that there are a total of 1610 affordable units in Gadsden.
1400 Piedmont Cutoff, Gadsden, Alabama 35903
301 College Pkwy, Gadsden, Alabama 35903
600 Holly Ave, Gadsden, Alabama 35901
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