850 E Jones Ave, Phoenix, AZ 85040
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 1 Bed | 1 Bath | - |
Since this property is a HOME program 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.
Victory Place is located in the South Mountain Village of Phoenix, providing over 200 Affordable Studio and One Bedroom Apartments. Utilities are included, as well as an On-Site Fitness Center, T.V./Activities Room with Pool Table, Business Center/Computer Access and Outdoor BBQ areas, all located within a five-acre campus. For an updated listing of available units and current rental price list, please contact Victory Place Property Management today!
managed by Cloudbreak Communities
Because Victory Place participates in HUD's HOME program for rental housing, at least some of the units in this property are set aside for households at or below 60% of the AMI and rents are capped at the local FMR and in many cases much lower. For a 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 program. Since this property participates in the HOME program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| One Bedroom (1/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $19,650 / year | $22,450 / year | $25,250 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $32,750 / year | $37,400 / year | $42,100 / year | $46,750 / year | $50,500 / year | $54,250 / year | $58,000 / year | $61,750 / year |
| 50% AMI for PBRA Units | $32,750 / year | $37,400 / year | $42,100 / year | $46,750 / year | $50,500 / year | $54,250 / year | $58,000 / year | $61,750 / year |
| 80% AMI for PBRA Units | $52,400 / year | $59,850 / year | $67,350 / year | $74,800 / year | $80,800 / year | $86,800 / year | $92,800 / year | $98,750 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Victory Place have a waiting list?
Victory Place 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 Victory Place?
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.
In addition to Victory Place, how many other affordable housing properties (and units) are there in Phoenix?
In addition to Victory Place, 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.
Applying for housing with bad credit.
Some housing assistance programs require a credit check, including Low-Income Housing Tax Credit apartments. Having bad credit may make you ineligible.Genora Jackson says:
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