The Preserve Emerald Villas

5450 Cholla Way, Orlando, FL 32808

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Lorena Bentley, Joshua Cappell
Rent Beds Baths SqFt
Call for Rents 1 - 2 Beds 1 Bath 616 - 777 Sq Ft
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Pets Allowed
check_circle  Affordable

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.

The Preserve at Emerald Villas Community
Affordable apartments for the active adult (55+) ranging in area median income (AMI) of 40%, 50%, and 60%.

Residents of The Preserve will have access to a host of new and exciting benefits that include a computer and library room, clubroom with kitchenette, and landscaped outdoor area with picnic tables.

Dave's Thoughts On The Preserve Emerald Villas

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 The Preserve Emerald Villas 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

The Preserve Emerald Villas Amenities

  • Library
  • Utilities Included
  • Spacious floor plans
  • Washer and Dryer Included
  • Computer Room
  • Wireless Internet Access

Units at The Preserve Emerald Villas

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 616ft2 Call for Price
Two Bedroom (2/1) 777ft2 Call for Price

Income Qualification for The Preserve Emerald Villas

*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
50% AMI for LIHTC Units $30,750 / year $35,150 / year $39,550 / year $43,900 / year
50% AMI for PBRA Units $30,750 / year $35,150 / year $39,550 / year $43,900 / year
60% AMI for LIHTC Units $36,900 / year $42,180 / year $47,460 / year $52,680 / year

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

FAQs for The Preserve Emerald Villas

Does The Preserve Emerald Villas have a waiting list?

The Preserve Emerald Villas 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 The Preserve Emerald Villas?

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 The Preserve Emerald Villas?

The Preserve Emerald Villas is managed by Related Companies headquartered in Irvine, California.

In addition to The Preserve Emerald Villas, how many other affordable housing properties (and units) are there in Orlando?

In addition to The Preserve Emerald Villas, we list 400 other affordable properties in Orlando. Learn about these properties here. Our data research shows that there are a total of 25484 affordable units in Orlando.

When was the The Preserve Emerald Villas listing last updated?

The Preserve Emerald Villas listing on Affordable Housing Online was last updated on 01/02/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.

Listings Near The Preserve Emerald Villas

City View

595 W Church St , Orlando, Florida 32805

bed 1-2
payment $955-1595/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Green Gables Apartments

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bed Studio-3
payment $657-886/mo.

Kinneret I

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bed Studio-1

Kinneret II

515 S Delaney Ave, Orlando, Florida 32801

bed Studio-1
switch_access_shortcut Short Wait

Metro Place Apartments

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bed 2-4
switch_access_shortcut Short Wait
accessibility Accessible

Citrus Gardens

1301 Citrus Gardens Dr, Orlando, Florida 32807

bed 1
payment Subsidized
elderly Senior
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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