1400 Todds Ln., Wilmington, DE 19802
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 4 Beds | 1 - 2 Baths | 688 - 1,613 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.
Imani Village is a brand new mixed-income family rental community in Wilmington, DE. It marks the beginning of a multi-phase redevelopment of the city's northeast Riverside community, in partnership with The WRK Group’s vision (The Warehouse, REACH Riverside, and Kingswood Community Center), and the Wilmington Housing Authority. This initiative is in direct correlation with Purpose Built Communities and its nationwide mission of uplifting concentrated areas of urban poverty.
Residents enjoy an inviting community center, on-site management and maintenance, community garden, a tot lot, and gazebo. All residents will have access to on-site supportive services. The location allows residents to quickly get to downtown Wilmington, or locations north or south with easy access to I-95, I-495, and I-295. Imani Village offers residents close proximity to urban amenities such as shopping, dining, and entertainment.
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 Imani Village 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) | 688ft2 | Call for Price† |
| Two Bedroom Two Bath (2/2) | 1120ft2 | Call for Price† |
| Two Bedroom One Bath (2/1) | 1155ft2 | Call for Price† |
| Three Bedroom (3/2) | 1299ft2 | Call for Price† |
| Four Bedroom (4/2) | 1613ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,100 / year | $44,650 / year | $50,250 / year | $55,800 / year | $60,300 / year | $64,750 / year | $69,200 / year | $73,700 / year |
| 50% AMI for PBRA Units | $39,100 / year | $44,650 / year | $50,250 / year | $55,800 / year | $60,300 / year | $64,750 / year | $69,200 / year | $73,700 / year |
| 60% AMI for LIHTC Units | $46,920 / year | $53,580 / year | $60,300 / year | $66,960 / year | $72,360 / year | $77,700 / year | $83,040 / year | $88,440 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Imani Village have a waiting list?
Imani Village 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 Imani Village?
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 Imani Village?
Imani Village is managed by Pennrose Management Company headquartered in Philadelphia , Pennsylvania.
In addition to Imani Village, how many other affordable housing properties (and units) are there in Wilmington?
In addition to Imani Village, 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 Imani Village listing last updated?
Imani Village listing on Affordable Housing Online was last updated on 05/09/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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