695 Field Street SE, Atlanta, GA 30315
Waiting List Forecast: Likely Short or None
Verified for 2023 by Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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.
Reynoldstown Senior Residences is comprised of 69 affordable apartments for seniors age 62 years and older. This brand new community is located in the historic Reynoldstown neighborhood of Atlanta. This walkable neighborhood is one of the most diverse areas inside the perimeter and is home to over 1,500 households. The neighborhood’s rich history and central location has also attracted the Atlanta Beltline, a multi-use trail and major revitalization effort in the city. The Beltline runs right through the Reynoldstown neighborhood and is in close proximity to our senior housing development. Positioned on a major street, the site has great access to Interstates, 20, 75, and 85. In addition to providing a great location to residents, the project will feature an extensive amenity package that includes a covered patio, media room, fitness center, computer center, and raised garden beds.
Because Reynoldstown Senior 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
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $21,500 / year | $24,550 / year | $27,600 / year | $30,650 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $35,750 / year | $40,850 / year | $45,950 / year | $51,050 / year | $55,150 / year | $59,250 / year | $63,350 / year | $67,400 / year |
| 50% AMI for PBRA Units | $35,750 / year | $40,850 / year | $45,950 / year | $51,050 / year | $55,150 / year | $59,250 / year | $63,350 / year | $67,400 / year |
| 60% AMI for LIHTC Units | $42,900 / year | $49,020 / year | $55,140 / year | $61,260 / year | $66,180 / year | $71,100 / year | $76,020 / year | $80,880 / year |
| 80% AMI for PBRA Units | $57,200 / year | $65,350 / year | $73,500 / year | $81,650 / year | $88,200 / year | $94,750 / year | $101,250 / year | $107,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Reynoldstown Senior have a waiting list?
Reynoldstown Senior 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 Reynoldstown Senior?
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 Reynoldstown Senior?
Reynoldstown Senior is managed by Mercy Housing headquartered in Denver, Colorado.
In addition to Reynoldstown Senior, how many other affordable housing properties (and units) are there in Atlanta?
In addition to Reynoldstown Senior, we list 274 other affordable properties in Atlanta. Learn about these properties here. Our data research shows that there are a total of 32704 affordable units in Atlanta.
When was the Reynoldstown Senior listing last updated?
Reynoldstown Senior listing on Affordable Housing Online was last updated on 03/31/2023 by Ric Gresia. Remember, a property's status can change so you should contact the property to confirm.
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