Monroe Terrace

1701 W 10th St, Wilmington, DE 19805

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2019 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	2 - 3 Beds	1 Bath	-

Call (302) 427-3951 Email

Waitlist Forecast

Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.

Monroe Terrace, located in Downtown Wilmington, DE, offers the unique opportunity of urban living at an affordable price. This prime location offers a variety of two, three, four and five bedroom townhomes, scattered throughout the Downtown Wilmington area, making it easy to meet your family's individual needs. Renovated in 2009, Monroe Terrace offers spacious units, most with eat-in kitchens, full basements and backyards. Monroe Terrace is convenient to all the amenities of the city, including Market Street and the Christina Riverfront Attractions. Monroe Terrace is conveniently located on a DART Bus route in the City of Wilmington and is just minutes from Amtrak, SEPTA, the bus terminal, I-95, I-495 and I-295. Within walking distance to local hospitals, shopping, schools, churches, restaurants, daycare centers and an abundance of prospective employers, this prime location is just the right home for a trouble-free commute

Dave's Thoughts On Monroe Terrace

Since Monroe Terrace participates in the Section 8 Project-Based Rental Assistance program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.

~ Dave Layfield, Founder of Affordable Housing Online

Monroe Terrace Amenities

On-Site Manager
24hr Emergency Maintenance
Off-Street Parking
Washer and Dryer Hookup
Private Entrance
Near Bus Line
Fully Equipped Kitchen
Mini Blinds & Curtain Rods
Dining Area
Heat and Air

Units at Monroe Terrace

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/1)	-	Call for Price^†
3 Bedroom (3/1)	-	Call for Price^†
3 Bedroom (3/1)	-	Call for Price^†

Income Qualification for Monroe Terrace

*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	5 people	6 people
30% AMI for PBRA Units	$23,450 / year	$26,800 / year	$30,150 / year	$33,500 / year	$36,200 / year	$40,280 / year
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
80% AMI for PBRA Units	$62,500 / year	$71,400 / year	$80,350 / year	$89,250 / year	$96,400 / year	$103,550 / year

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

FAQs for Monroe Terrace

Does Monroe Terrace have a waiting list?

Monroe Terrace probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Monroe Terrace?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

What property management company manges Monroe Terrace?

Monroe Terrace is managed by Fairville Management Company headquartered in Hockessin , Delaware.

In addition to Monroe Terrace, how many other affordable housing properties (and units) are there in Wilmington?

In addition to Monroe Terrace, we list 144 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.