541 South Tower

541 North Fulton Street, Fresno, CA 93728

Waiting List Forecast: Likely Short or None

check_circleVerified for 2020 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
$457 - 730 per Month^†	1 - 2 Beds	1 Bath	587 - 797 Sq Ft

Call (559) 721-2756

Waitlist Forecast

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.

Fultonia West was a big new construction project for TFS Investments and it’s partners. There are 31 units on site and 8 of them are live/work units. The improvements that this project needed include a new water main, waterline extension, updates to the sidewalks and curbs, and many more. Each unit was designed to have updated cabinets, granite counter tops, new carpet, laminate flooring, and new appliances. There is also ample parking and a play area on site.

Dave's Thoughts On 541 South Tower

Because 541 South Tower 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

541 South Tower Amenities

Community Room
Close to Public Transportation
Near Park
Air Conditioning
Window Coverings
Energy Star Appliances
Open Concept Fully Equipped Kitchens
Washer and Dryer Included
Downtown Location
24 Hour Maintenance

Units at 541 South Tower

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	587ft²	$457^†
Two Bedroom (2/1)	797ft²	$730^†

Income Qualification for 541 South Tower

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people
50% AMI for LIHTC Units	$28,900 / year	$33,000 / year	$37,150 / year	$41,250 / year
50% AMI for PBRA Units	$28,900 / year	$33,000 / year	$37,150 / year	$41,250 / year
60% AMI for LIHTC Units	$34,680 / year	$39,600 / year	$44,580 / year	$49,500 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for 541 South Tower

Does 541 South Tower have a waiting list?

541 South Tower 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 541 South Tower?

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 541 South Tower?

541 South Tower is managed by WinnCompanies headquartered in Boston, Massachusetts.

In addition to 541 South Tower, how many other affordable housing properties (and units) are there in Fresno?

In addition to 541 South Tower, we list 96 other affordable properties in Fresno. Learn about these properties here. Our data research shows that there are a total of 9071 affordable units in Fresno.