460 E Lake Blvd SE, Atlanta, GA 30317
Waiting List Forecast: Likely Short or None
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 4 Beds | 1 - 2.5 Baths | 926 - 1,812 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.
When your days begin and end in a home that is stylish, comfortable, and connected, then everything in between becomes inspired. We call that the East Lake Effect. Villages at East Lake residents thrive within a community that has led the nation for more than a decade with a holistic vision that unites housing, education, and community wellness in a vibrant and inclusive neighborhood setting.
Our villas and classic garden and townhomes are nestled within in a naturally elegant setting that features award-winning, on-site education, golf and other fitness and leisure amenities, plus convenient access to shopping, dining, downtown, and beyond. Contact us to schedule a tour and learn more about the East Lake Effect.
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 Villages of East Lake 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 Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Spelman (1/1) | 926ft2 | Call for Price† |
| Oglethorpe (2/2) | 1165ft2 | Call for Price† |
| Morehouse (2/1.5) | 1200ft2 | Call for Price† |
| Berry (3/2) | 1319ft2 | Call for Price† |
| Kennesaw (3/2.5) | 1400ft2 | Call for Price† |
| Mercer (4/2.5) | 1650ft2 | Call for Price† |
| Georgia State (4/2) | 1812ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 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 |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Villages of East Lake have a waiting list?
Villages of East Lake 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 Villages of East Lake?
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 Villages of East Lake, how many other affordable housing properties (and units) are there in Atlanta?
In addition to Villages of East Lake, 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.
Housing options for seniors.
Many housing programs have apartments or entire properties restricted to senior residents only, including Section 202 Supportive Housing for the Elderly.Margaret L. Bost says:
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