1130 E Monroe St, Phoenix, AZ 85034
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 - 2 Baths | 692 - 1,192 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.
McCarty on Monroe is a senior community for those 62 years of age or older. This beautiful property in the heart of downtown Phoenix offers over 5,000 sqft. of community space and spacious one and two bedroom floor plans. McCarty on Monroe boasts amenities such as elevators, secured access, an inner courtyard, and balconies with plenty of storage space. Stop by today and meet our professional management staff and tour your new home! Come check out our new look!
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 Mccarty on Monroe 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 One Bath PH 1/1 (1/1) | 692ft2 | Call for Price† |
| One Bedroom One Bath TC 1/1 Med (1/1) | 830ft2 | Call for Price† |
| One Bedroom One Bath TC 1/1 LG (1/1) | 902ft2 | Call for Price† |
| Two Bedroom Two Bath TC 2/2 (2/2) | 1192ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $19,650 / year | $22,450 / year | $25,250 / year | $30,000 / year |
| 50% AMI for LIHTC Units | $32,750 / year | $37,400 / year | $42,100 / year | $46,750 / year |
| 50% AMI for PBRA Units | $32,750 / year | $37,400 / year | $42,100 / year | $46,750 / year |
| 60% AMI for LIHTC Units | $39,300 / year | $44,880 / year | $50,520 / year | $56,100 / year |
| 80% AMI for PBRA Units | $52,400 / year | $59,850 / year | $67,350 / year | $74,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Mccarty on Monroe have a waiting list?
Mccarty on Monroe 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 Mccarty on Monroe?
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 Mccarty on Monroe?
Mccarty on Monroe is managed by Dunlap & Magee Property Management headquartered in Phoenix, AZ.
In addition to Mccarty on Monroe, how many other affordable housing properties (and units) are there in Phoenix?
In addition to Mccarty on Monroe, we list 182 other affordable properties in Phoenix. Learn about these properties here. Our data research shows that there are a total of 15012 affordable units in Phoenix.
When was the Mccarty on Monroe listing last updated?
Mccarty on Monroe listing on Affordable Housing Online was last updated on 01/03/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
Do you have little or no income?
You can qualify for most rental assistance programs, including Section 8 and Public Housing, even if you have little or no income.Cha'Von Shawntaye Nichole says:
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