28250 So. Dixie Hwy, Homestead, FL 33033
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 Bath | - |
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.
Welcome to Verbena! This mid-rise, urban style luxury community consists of 110 affordable one, two, and three-bedroom apartments. Located in the heart of South Dade, this beautiful property features lush landscaping, an expansive fitness facility, cyber lounge, parcel boxes, clubroom, kid’s community room, large covered playground, and outdoor grill. The spacious residences feature balconies, ceramic tile floors throughout, ceiling fans in every bedroom, generous closet space, contemporary kitchens with Energy Star rated appliances, and large windows allowing lots of natural light. Each unit has space for a full-size washer and dryer which can be rented upon request.
Verbena is adjacent to the South Dade Busway, providing residents with rapid-transit access to work, shopping, restaurants, and Miami Metro Rail. Residents will also find a myriad of services nearby including medical services, schools, and parks. Whether you’re hosting a birthday party in the kid’s community room or enjoying the outdoor grill with your neighbors, you’ll find endless ways to enjoy your time at Verbena.
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 Verbena 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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 |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/1) | - | Call for Price† |
| 3 Bedroom (3/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $36,150 / year | $41,300 / year | $46,450 / year | $51,600 / year | $55,750 / year | $59,900 / year |
| 50% AMI for PBRA Units | $36,150 / year | $41,300 / year | $46,450 / year | $51,600 / year | $55,750 / year | $59,900 / year |
| 60% AMI for LIHTC Units | $43,380 / year | $49,560 / year | $55,740 / year | $61,920 / year | $66,900 / year | $71,880 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Verbena have a waiting list?
Verbena 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 Verbena?
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 Verbena?
Verbena is managed by Pinnacle headquartered in Addison, TX.
In addition to Verbena, how many other affordable housing properties (and units) are there in Homestead?
In addition to Verbena, we list 54 other affordable properties in Homestead. Learn about these properties here. Our data research shows that there are a total of 7502 affordable units in Homestead.
When was the Verbena listing last updated?
Verbena listing on Affordable Housing Online was last updated on 01/01/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
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