1400 Piedmont Cutoff, Gadsden, AL 35903
Waiting List Forecast: Likely Short or None
Verified for 2019 by Amanda Wetherbee| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $426 - 584 per Month† | 1 - 3 Beds | 1 - 2 Baths | 738 - 1,202 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.
The Timbers at Rayleigh is a beautiful new affordable housing complex that opened in the fall of 2014. We will offer spacious 1, 2 and 3 bedroom homes. Our energy efficient apartments include a fully equipped kitchen with Energy Star appliances, W/D Connections, a patio or balcony, and much more. Our property amenities include: a clubhouse, exercise room, computer center, community laundry room, covered picnic area and a fun playground for the kids. Our residents will enjoy holiday festivities, potluck dinners, as well as monthly game and movie nights. We are in a quiet neighborhood, but close to shopping.
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 Timbers at Rayleigh 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) | 738ft2 | $426† |
| Two Bedroom (2/2) | 984ft2 | $532† |
| Three Bedroom (3/2) | 1202ft2 | $584† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $23,000 / year | $26,300 / year | $29,600 / year | $32,850 / year | $35,500 / year | $38,150 / year |
| 50% AMI for PBRA Units | $23,000 / year | $26,300 / year | $29,600 / year | $32,850 / year | $35,500 / year | $38,150 / year |
| 60% AMI for LIHTC Units | $27,600 / year | $31,560 / year | $35,520 / year | $39,420 / year | $42,600 / year | $45,780 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Timbers at Rayleigh have a waiting list?
Timbers at Rayleigh 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 Timbers at Rayleigh?
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 Timbers at Rayleigh?
Timbers at Rayleigh is managed by The Vantage Group headquartered in Fyffe, Alabama.
In addition to Timbers at Rayleigh, how many other affordable housing properties (and units) are there in Gadsden?
In addition to Timbers at Rayleigh, 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.
700 Holly Ave, Gadsden, Alabama 35901
301 College Pkwy, Gadsden, Alabama 35903
600 Holly Ave, Gadsden, Alabama 35901
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