540 2nd Ave S, Saint Petersburg, FL 33701
Waiting List Forecast: Likely Short or None
Verified for 2023 by Tracy M. McIntosh, Colleen Carter, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | 550 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.
Discover a more enjoyable and less stressful daily lifestyle. 540 Town Center is a 145 unit high-rise apartment building for seniors, located in beautiful downtown St. Petersburg. Residents can participate in the many activities of this busy waterfront downtown community. 540 Town Center is convenient to banks, shopping, theaters, post office, churches, museums, restaurants, bus transportation, parks and much more. There are three major hospitals and many medical facilities located within a five mile radius of 540 Town Center. There are two sports complexes within walking distance and a major university also conveniently located nearby.
The waterfront area and the beautifully landscaped parks nearby make living in downtown St. Petersburg a unique experience. Make an appointment today to see 540 Town Center and what we have to offer.
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 540 Town Center 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) | 550ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,250 / year | $20,850 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $30,450 / year | $34,800 / year | $39,150 / year | $43,450 / year | $46,950 / year | $50,450 / year | $53,900 / year | $57,400 / year |
| 50% AMI for PBRA Units | $30,450 / year | $34,800 / year | $39,150 / year | $43,450 / year | $46,950 / year | $50,450 / year | $53,900 / year | $57,400 / year |
| 60% AMI for LIHTC Units | $36,540 / year | $41,760 / year | $46,980 / year | $52,140 / year | $56,340 / year | $60,540 / year | $64,680 / year | $68,880 / year |
| 80% AMI for PBRA Units | $48,650 / year | $55,600 / year | $62,550 / year | $69,500 / year | $75,100 / year | $80,650 / year | $86,200 / year | $91,750 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does 540 Town Center have a waiting list?
540 Town Center 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 540 Town Center?
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 540 Town Center?
540 Town Center is managed by Carteret Management headquartered in Tampa, FL.
In addition to 540 Town Center, how many other affordable housing properties (and units) are there in Saint Petersburg?
In addition to 540 Town Center, we list 111 other affordable properties in Saint Petersburg. Learn about these properties here. Our data research shows that there are a total of 3885 affordable units in Saint Petersburg.
When was the 540 Town Center listing last updated?
540 Town Center listing on Affordable Housing Online was last updated on 01/01/2023 by Tracy M. McIntosh. Remember, a property's status can change so you should contact the property to confirm.
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Housing options for renters with a criminal record.
A criminal history does not automatically disqualify a renter from federal housing assistance. But more serious offenses may make you inelligible if they were recent.Josie Shivers says:
"Affordable Housing Online is a very helpful website. I was able to put it in a Section 8 application, and received a letter that I was chosen to be on a waiting list!"