218 Vine St Northwest

218 Vine Street Northwest, Washington, DC 20012

Waiting List Forecast: Likely Short or None

check_circleVerified for 2020 by Lorena Bentley

Rent	Beds	Baths	SqFt
Call for Rents^†	Floorplan Info Upon Request	-	-

This property is currently under construction.

218 Vine should begin construction in Quarter 1 of 2020.

Jair Lynch Real Estate Partners, a leading real estate developer and owner in the DC metro area, announced this week a new strategy for the firm to grow its attainable housing portfolio in the DC region. In the next three years, the firm plans to invest over $200 million to build or acquire affordable and workforce housing by deploying equity from its separate account with the California State Teachers Retirement System, leveraging debt, and using public funding sources.

Dave's Thoughts On 218 Vine St Northwest

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 218 Vine St Northwest 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

Income Qualification for 218 Vine St Northwest

*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	7 people	8 people

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

FAQs for 218 Vine St Northwest

Does 218 Vine St Northwest have a waiting list?

218 Vine St Northwest 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 218 Vine St Northwest?

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 218 Vine St Northwest?

218 Vine St Northwest is managed by Apartmentsmart Generic headquartered in Salisbury, Maryland.

In addition to 218 Vine St Northwest, how many other affordable housing properties (and units) are there in Washington?

In addition to 218 Vine St Northwest, we list 404 other affordable properties in Washington. Learn about these properties here. Our data research shows that there are a total of 36327 affordable units in Washington.