2240 Peachtree Rd NW, Atlanta, GA 30309
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | 556 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.
Peachtree Road Apartments are spacious 1 bedroom apartments built for 55 or older and handicapped/disabled persons. This property is the premiere affordable living location in Atlanta. The amenities are endless from the endless apartment amenities to the weekly resident activities, fitness classes, and computer classes. The friendly staff and constant community interaction will keep you continuously entertained.
Because Peachtree Road Highrise participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, 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) | 556ft2 | Call for Price† |
| AMI* | 1 person | 2 people |
|---|---|---|
| 30% AMI for PBRA Units | $21,500 / year | $24,550 / year |
| 50% AMI for LIHTC Units | $35,750 / year | $40,850 / year |
| 50% AMI for PBRA Units | $35,750 / year | $40,850 / year |
| 60% AMI for LIHTC Units | $42,900 / year | $49,020 / year |
| 80% AMI for PBRA Units | $57,200 / year | $65,350 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Peachtree Road Highrise have a waiting list?
Peachtree Road Highrise 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 Peachtree Road Highrise?
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 Peachtree Road Highrise?
Peachtree Road Highrise is managed by The Michaels Organization headquartered in Camden, NJ.
In addition to Peachtree Road Highrise, how many other affordable housing properties (and units) are there in Atlanta?
In addition to Peachtree Road Highrise, we list 627 other affordable properties in Atlanta. Learn about these properties here. Our data research shows that there are a total of 32705 affordable units in Atlanta.
When was the Peachtree Road Highrise listing last updated?
Peachtree Road Highrise listing on Affordable Housing Online was last updated on 01/17/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
49 Boulevard SE, Atlanta, Georgia 30312
240 Amal Dr, Atlanta, Georgia 30315
490 Glenn Street SW, Atlanta, Georgia 30312
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