Princeton Park Apartments

301 Princeton Ave, Gadsden, AL 35901

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2021 by Katie Garay

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 2 Beds	1 Bath	669 - 997 Sq Ft

Call (256) 543-7061 Email

Waitlist Forecast

Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.

Princeton Park in Gadsden is located on 6 acres of property so there is plenty of yard space for your 4 legged family members. Princeton Park is affordable housing for elders 62+ years old or disabled with rent based on income. We have many community events that includes weekly bingo. Close to the trolley. Come join our community today!

Dave's Thoughts On Princeton Park Apartments

This property participates in the Section 8 Project-Based Rental Assistance program meaning the rent for many, if not all, units is based on a tenant's income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. This property was also financed through a HUD-insured private mortgage meaning the owner has oversight from both a private bank and HUD. This usually means Princeton Park Apartments is kept in good condition. Since this property has a project-based Section 8 contract, you won't need a Section 8 voucher to live here. If you have a voucher, you may have to give it up to live here.

~ Dave Layfield, Founder of Affordable Housing Online

Princeton Park Apartments Amenities

Community Room
Close to Public Transportation
On-Site Parking
Ceiling Fan(s)
Emergency Pull Cord
Carpet
Refrigerator
Oven and Range
Water Trash and Sewer Included
Bathroom Grab Bars
Central Heat & Air
Coin-Operated Laundry
Meal Services
Electric Range
24 Hour Maintenance
Accessible Apartments
vinyl tile flooring
Wheel Chair Accessible

Units at Princeton Park Apartments

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	669ft²	Rent is Based On Your Income^†
Two Bedroom (2/1)	997ft²	Rent is Based On Your Income^†

Income Qualification for Princeton Park Apartments

*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
30% AMI for PBRA Units	$14,580 / year	$19,720 / year	$24,860 / year	$30,000 / year
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
80% AMI for PBRA Units	$36,800 / year	$42,050 / year	$47,300 / year	$52,550 / year

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

FAQs for Princeton Park Apartments

Does Princeton Park Apartments have a waiting list?

Princeton Park Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Princeton Park Apartments?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

What property management company manges Princeton Park Apartments?

Princeton Park Apartments is managed by California Commercial Investment Companies headquartered in Westlake Village, California.

In addition to Princeton Park Apartments, how many other affordable housing properties (and units) are there in Gadsden?

In addition to Princeton Park Apartments, 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.