6701 SW 62nd Ave, Miami, FL 33143
Waiting List Forecast: Likely Short or None
Verified for 2023 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 1 Bed | 1 Bath | 460 - 598 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.
South Miami Plaza features a six-story residential building of one-bedroom units and perimeter fencing on 1.41 acres, along with associated parking. The project is a preservation and substantial rehabilitation project consisting of a 97-unit Miami-Dade County Public Housing apartment building. The redevelopment plan has provided a cash payment to the Miami-Dade Public Housing Agency, while preserving the existing public housing units, which serve low-income elderly residents. Funding came from the Florida Housing Finance Corporation.
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 South Miami Plaza - Preservation 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 |
|---|---|---|
| Studio (Studio/1) | 460ft2 | Call for Price† |
| 1 Bedroom (1/1) | 598ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $21,700 / year | $24,800 / year | $27,900 / year | $30,950 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $36,150 / year | $41,300 / year | $46,450 / year | $51,600 / year | $55,750 / year | $59,900 / year | $64,000 / year | $68,150 / year |
| 50% AMI for PBRA Units | $36,150 / year | $41,300 / year | $46,450 / year | $51,600 / year | $55,750 / year | $59,900 / year | $64,000 / year | $68,150 / year |
| 60% AMI for LIHTC Units | $43,380 / year | $49,560 / year | $55,740 / year | $61,920 / year | $66,900 / year | $71,880 / year | $76,800 / year | $81,780 / year |
| 80% AMI for PBRA Units | $57,800 / year | $66,050 / year | $74,300 / year | $82,550 / year | $89,200 / year | $95,800 / year | $102,400 / year | $109,000 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does South Miami Plaza - Preservation have a waiting list?
South Miami Plaza - Preservation 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 South Miami Plaza - Preservation?
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 South Miami Plaza - Preservation?
South Miami Plaza - Preservation is managed by TRG Management Company headquartered in Weston, FL.
In addition to South Miami Plaza - Preservation, how many other affordable housing properties (and units) are there in Miami?
In addition to South Miami Plaza - Preservation, we list 304 other affordable properties in Miami. Learn about these properties here. Our data research shows that there are a total of 28213 affordable units in Miami.
When was the South Miami Plaza - Preservation listing last updated?
South Miami Plaza - Preservation listing on Affordable Housing Online was last updated on 01/02/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.
2370 NW 17th Ave, Miami, Florida 33142
234 NE 79th St, Miami, Florida 33138
Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Courtney Cannon Scott says:
"Affordable Housing Online is a very good, comprehensive resource for finding affordable housing in the U.S. and its territories!"