1001 E 8th St , Tempe, AZ 85281
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 665 - 1,852 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.
Valor on Eighth is a unique community in the heart of Tempe, Arizona. Featuring stunning views of the city, state of the art amenities, and plenty of common space to build a sense of community. With a preference for Veteran's, Valor on Eighth is more than just a new home it's a symbol of caring! Spacious community spaces allow plenty of room for recreation. They provide financial services, counseling, and career development through our partner, Arm of Save the Family.
Because Valor on Eighth 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) | 665ft2 | Call for Price† |
| Live Work Loft (2/2) | 1852ft2 | Call for Price† |
| 2 Bedroom (2/2) | 891ft2 | Call for Price† |
| 3 Bedroom (3/2) | 1155ft2 | Call for Price† |
| 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 Valor on Eighth have a waiting list?
Valor on Eighth 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 Valor on Eighth?
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 Valor on Eighth?
Valor on Eighth is managed by Gorman & Company, Inc. headquartered in Oregon, Wisconsin.
In addition to Valor on Eighth, how many other affordable housing properties (and units) are there in Tempe?
In addition to Valor on Eighth, we list 12 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 Valor on Eighth listing last updated?
Valor on Eighth listing on Affordable Housing Online was last updated on 03/10/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
Interested in a waiting list that opens soon?
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