2148 E. Apache Drive , Tempe, AZ 85281
Waiting List Forecast: Likely Short or None
Verified for 2023 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $795 - 1,192 per Month† | 1 - 2 Beds | 1 - 2 Baths | 658 - 850 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.
This 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 Meridian@101 requires that applicants meet certain qualifying standards established by the government and the Managing Agent.
Meridian@101 is one of Tempe's newest housing communities for seniors 55 or better. It is ideally situated on the light rail, and close to all that Tempe, Mesa, Scottsdale and Phoenix have to offer from shopping to restaurants to sporting events and much more!
Because Meridian@101 Apartments 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) | 658ft2 | Call for Price† |
| 2 Bedroom (2/2) | 850ft2 | $795 $1,192† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 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 |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Meridian@101 Apartments have a waiting list?
Meridian@101 Apartments 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 Meridian@101 Apartments?
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 Meridian@101 Apartments?
Meridian@101 Apartments is managed by Kay-Kay Realty Corp. headquartered in Scottsdale, AZ.
In addition to Meridian@101 Apartments, how many other affordable housing properties (and units) are there in Tempe?
In addition to Meridian@101 Apartments, we list 43 other affordable properties in Tempe. Learn about these properties here. Our data research shows that there are a total of 529 affordable units in Tempe.
When was the Meridian@101 Apartments listing last updated?
Meridian@101 Apartments listing on Affordable Housing Online was last updated on 03/10/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.
1895 Don Carlos Avenue, Tempe, Arizona 85281
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