5111 North 16th Avenue, Phoenix, AZ 85015
Waiting List Forecast: Likely Short or None
Verified for 2022 by Connor Bailey, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $765 - 1,256 per Month† | 1 - 3 Beds | 1 - 2 Baths | 680 - 1,188 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.
Tucked away at the north end of 16th Avenue from Camelback, Rosewood Court I & II are hidden gems! They are just a short walk to public transportation and a short commute to dining, shopping, entertainment, the Phoenix Library, public parks and much more.
Their community is operated under the Affordable Housing Program under Section 42 of the Internal Revenue Code. This program is designed to facilitate the housing needs of moderate-, middle- or low-income households. Residency at Rosewood Court I & II requires that applicants meet certain qualifying standards established by the government and the Managing Agent.
Rosewood Court I & II offers a laundry room, computer room, community garden, basketball court, playground, supportive services, and a food pantry. After school children services are available at the clubhouse.
Looking for a pet-friendly community? Look no further as Rosewood Court I & II allow one pet per unit with a $250 refundable deposit, $20 per month in pet rent and an executed pet addendum. There are some weight and breed restrictions. Please see the community manager for additional details.
Because Rosewood Court I & 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 |
|---|---|---|
| 1 Bedroom (1/1) | 680ft2 | $765 $940† |
| 2 Bedroom (2/2) | 867ft2 | $899 $1,122† |
| 3 Bedroom (3/2) | 1188ft2 | $1,027 $1,256† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $32,750 / year | $37,400 / year | $42,100 / year | $46,750 / year | $50,500 / year | $54,250 / year |
| 50% AMI for PBRA Units | $32,750 / year | $37,400 / year | $42,100 / year | $46,750 / year | $50,500 / year | $54,250 / year |
| 60% AMI for LIHTC Units | $39,300 / year | $44,880 / year | $50,520 / year | $56,100 / year | $60,600 / year | $65,100 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Rosewood Court I & II have a waiting list?
Rosewood Court I & 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 Rosewood Court I & 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 Rosewood Court I & II?
Rosewood Court I & II is managed by Kay-Kay Realty Corp. headquartered in Scottsdale, AZ.
In addition to Rosewood Court I & II, how many other affordable housing properties (and units) are there in Phoenix?
In addition to Rosewood Court I & II, we list 325 other affordable properties in Phoenix. Learn about these properties here. Our data research shows that there are a total of 14964 affordable units in Phoenix.
14014 N. 32nd Street , Phoenix, Arizona 85032
16035 N 27th St , Phoenix, Arizona 85032
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