Marty's Place

1515 Bertha Street, Key West, FL 33040

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
Call for Rents 1 Bed 1 Bath -

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.

Marty’s Place is an independent living environment located on a ¾ acre property in Key West was the first housing facility purchased by AIDS Help. When acquired in the late 1980’s through a $795,000 mortgaged-financed plan supported by private contributions and pledges. At one dinner party attended by 50 local people, hosted by the Marquesa Restaurant, and sponsored by Broadway’s Jerry Herman, over $600,000 was raised to finance the purchase Marty’s Place and other capital expansion. At the time, the property had eight cottages buildings – seven one-bedroom units and one two bedroom unit. In the mid-1990’s locally raised dollars were also used to cover the construction costs of a two-unit structure duplex at the Marty’s Place housing complex, increasing the number of buildings on site to ten and increasing the number of one bedroom units to nine. Many of the buildings were renovated in 2001 with a $50,000 State Housing Initiatives Partnership program (SHIP) grant through the Monroe County Housing Authority. The Florida Department of Community Affairs (DCA) provided $60,000 in Weatherization funding in 2004 to upgrade HVAC systems and insulate six buildings/units at the housing compound. In 2006, AIDS Help, utilizing $269,000 in local contributions and $120,000 in SHIP funding through the Key West Housing Authority, was able to construct a second Tri-Plex at Marty’s Place, which has three one-bedroom units that are elevated above the flood plain. Another unit on site completely destroyed during Hurricane Wilma (October 2005) was elevated and completely restored with funding from Volunteer Florida, Inc. and the Home Depot Corporation at a cost of $74,000. In 2008, AHI began rehabilitation of six units that were seriously damaged and flooded during Hurricane Wilma in October 2005. The $555,000 project included lifting all six units approximately three feet to mitigate future flooding. Funds for the rehabilitation and mitigation came from the Monroe County SHIP office.

Dave's Thoughts On Marty's Place

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 Marty's Place 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Units at Marty's Place

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price

Income Qualification for Marty's Place

*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
50% AMI for LIHTC Units $38,000 / year $43,400 / year $48,850 / year $54,250 / year $58,600 / year $62,950 / year $67,300 / year $71,650 / year
50% AMI for PBRA Units $38,000 / year $43,400 / year $48,850 / year $54,250 / year $58,600 / year $62,950 / year $67,300 / year $71,650 / year
60% AMI for LIHTC Units $45,600 / year $52,080 / year $58,620 / year $65,100 / year $70,320 / year $75,540 / year $80,760 / year $85,980 / year

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

FAQs for Marty's Place

Does Marty's Place have a waiting list?

Marty's Place 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 Marty's Place?

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.

In addition to Marty's Place, how many other affordable housing properties (and units) are there in Key West?

In addition to Marty's Place, we list 15 other affordable properties in Key West. Learn about these properties here. Our data research shows that there are a total of 1255 affordable units in Key West.

When was the Marty's Place listing last updated?

Marty's Place listing on Affordable Housing Online was last updated on 02/07/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Marty's Place

Martys Place

1909 Venetia St, Key West, Florida 33040

Mariners Cove Apartments

3330 Northside Dr, Key West, Florida 33040

Cayo Del Mar

5501 3rd Ave, Key West, Florida 33040

Mccarthy Rogers Residence

1213 William St, Key West, Florida 33040

Harvey House

1215 Catherine St, Key West, Florida 33040

Poinciana Gardens Senior Living Community

1664 Dunlap Dr, Key West, Florida 33040

Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.