4085 Norfolk Pkwy, West Melbourne, FL 32904
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 4 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.
A registered 501(c)3, Promise Inc. was established in 2009 as a way to provide a much-needed housing opportunity for adults with special needs to have a sense of independence long yearned for, while simultaneously living, working and thriving in their community. Promise residents have an inclusive, fun place to live, amongst neighbors who care. Promise also offers vocational training and employment opportunities with access to an on-site Employment Services Manager. Currently, Promise is the first of its kind in the state of Florida to combine all of these elements and amenities, and we believe it will serve as a model for communities across the country and even the world. Promise in Brevard, which was founded in 2014, is the affordable housing community where our residents live.
The Promise concept was developed with the help of a special group of young individuals, known as “The Dream Team.” From the amenities to the floor plans, this team of future residents has worked closely with our designers since day one, sharing their thoughts and visions about everything the Promise lifestyle should offer. The Promise concept includes:
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 Promise in Brevard 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 |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/1) | - | Call for Price† |
| Four Bedroom (4/1) | - | 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 | $18,100 / year | $20,650 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $30,100 / year | $34,400 / year | $38,700 / year | $43,000 / year | $46,450 / year | $49,900 / year | $53,350 / year | $56,800 / year |
| 50% AMI for PBRA Units | $30,100 / year | $34,400 / year | $38,700 / year | $43,000 / year | $46,450 / year | $49,900 / year | $53,350 / year | $56,800 / year |
| 60% AMI for LIHTC Units | $36,120 / year | $41,280 / year | $46,440 / year | $51,600 / year | $55,740 / year | $59,880 / year | $64,020 / year | $68,160 / year |
| 80% AMI for PBRA Units | $48,150 / year | $55,000 / year | $61,900 / year | $68,750 / year | $74,250 / year | $79,750 / year | $85,250 / year | $90,750 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Promise in Brevard have a waiting list?
Promise in Brevard 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 Promise in Brevard?
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 Promise in Brevard, how many other affordable housing properties (and units) are there in Brevard County?
In addition to Promise in Brevard, we list 161 other affordable properties in Brevard County. Learn about these properties here. Our data research shows that there are a total of 5346 affordable units in Brevard County.
When was the Promise in Brevard listing last updated?
Promise in Brevard listing on Affordable Housing Online was last updated on 01/01/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
More people usually means more waiting lists.
Areas with the highest populations tend to have the most amount of waiting list opportunities.Celeste Law says:
"Affordable Housing Online is a great source of information, and is very helpful in answering questions about Section 8 and Public Housing."