101 Ashville Ln, Sylacauga, AL 35150
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 Bath | - |
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.
Conveniently located in Sylacauga, Alabama, Miranda Villas II combines comfort and convenience for individuals and families with a selection of 1-, 2- and 3-bedroom apartments. Each unit is pre-wired for cable and comes with central heat and air, along with washer/dryer connections, range, dishwasher, microwave, disposal and refrigerator with ice maker.
The on-site clubhouse features a community room, fitness center, computer center and laundry facilities, while residents also enjoy the outdoor playground and picnic area for gatherings with family and friends. Rent includes water/sewer and garbage pickup!
Because Miranda Villas II 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 |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $22,850 / year | $26,100 / year | $29,350 / year | $32,600 / year | $35,250 / year | $37,850 / year |
| 50% AMI for PBRA Units | $22,850 / year | $26,100 / year | $29,350 / year | $32,600 / year | $35,250 / year | $37,850 / year |
| 60% AMI for LIHTC Units | $27,420 / year | $31,320 / year | $35,220 / year | $39,120 / year | $42,300 / year | $45,420 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Miranda Villas II have a waiting list?
Miranda Villas II 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 Miranda Villas II?
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 Miranda Villas II?
Miranda Villas II is managed by Olympia Management INC headquartered in Albertville, AL.
In addition to Miranda Villas II, how many other affordable housing properties (and units) are there in Sylacauga?
In addition to Miranda Villas II, we list 14 other affordable properties in Sylacauga. Learn about these properties here. Our data research shows that there are a total of 1025 affordable units in Sylacauga.
When was the Miranda Villas II listing last updated?
Miranda Villas II listing on Affordable Housing Online was last updated on 03/05/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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