301 Princeton Ave, Gadsden, AL 35901
Waiting List Forecast: Likely Long or Closed
Verified for 2021 by Katie Garay| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 669 - 997 Sq Ft |
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!
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
| 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† |
| 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.
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 19 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.
Know your rights as a Section 8 tenant.
Some states and local governments have laws that protect renters with a Section 8 voucher who are looking for an available unit. Check your local laws.Ashley Prince says:
"Affordable Housing Online helped me stay ahead of the game to find out about waiting list openings in my high demand area."