610 Bayard Ave., Wilmington, DE 19805
Waiting List Forecast: Closed
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 Bath | - |
Our research has confirmed on 08/10/2023 no open waiting lists for this property. Note that waiting list statuses can change frequently and we can't always verify these changes. Contact the property for more information.
Property Information
Number of Units: 52
Occupancy: General
Rent Type(s): Income Limits Apply, Section 8 Vouchers Accepted,
Additional Information:
Rent includes water, sewer and trash removal
*Minimum and maximum income guidelines apply*
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Flats Phase IV does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,100 / year | $44,650 / year | $50,250 / year | $55,800 / year | $60,300 / year | $64,750 / year |
| 50% AMI for PBRA Units | $39,100 / year | $44,650 / year | $50,250 / year | $55,800 / year | $60,300 / year | $64,750 / year |
| 60% AMI for LIHTC Units | $46,920 / year | $53,580 / year | $60,300 / year | $66,960 / year | $72,360 / year | $77,700 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Flats Phase IV have a waiting list?
Flats Phase IV has a waiting list. See above for waiting list details.
Are rents subsidized at Flats Phase IV?
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 Flats Phase IV?
Flats Phase IV is managed by Housing Development Corporation MidAtlantic (HDC MidAtlantic) headquartered in Lancaster, Pennsylvania.
In addition to Flats Phase IV, how many other affordable housing properties (and units) are there in Wilmington?
In addition to Flats Phase IV, we list 82 other affordable properties in Wilmington. Learn about these properties here. Our data research shows that there are a total of 5927 affordable units in Wilmington.
When was the Flats Phase IV listing last updated?
Flats Phase IV listing on Affordable Housing Online was last updated on 08/10/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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