Park Trace Apartments

700 Atlanta Ave, Decatur, GA 30030

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2023 by Connor Bailey
Rent Beds Baths SqFt
Call for Rents Studio - 1 Bed 1 Bath 420 - 540 Sq Ft
check_circle  Senior (62+)
check_circle  Project-Based Rental Assistance
check_circle  Affordable

Waitlist Forecast

Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.

Park Trace Apartments is an affordable housing community for Seniors 62 years of age or older (and persons with disabilities) nestled in downtown Decatur, which offers spacious studio and one bedroom apartments with a great view of the Historic Downtown Decatur area. Within a one mile you will find the Decatur Police Station and all types of shops and eateries. There are always enjoyable events at The Square for your entertainment. Nearby is DeKalb Medical Hospital and Suburban Plaza. Park Trace offers a secured entrance, elevators, a community room and an on-site laundry facility.

Dave's Thoughts On Park Trace Apartments

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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Park Trace Apartments has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Park Trace Apartments Amenities

  • Elevator
  • Playground
  • Computer Lab
  • Community Room
  • On-Site Manager
  • Cable Ready
  • Utilities Included
  • Refrigerator
  • Oven and Range
  • Secured Entry
  • On-Site Maintenance
  • Laundry Facilities

Units at Park Trace Apartments

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) 420ft2 Call for Price
One Bedroom (1/1) 540ft2 Call for Price

Income Qualification for Park Trace Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
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.

FAQs for Park Trace Apartments

Does Park Trace Apartments have a waiting list?

Park Trace Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Park Trace Apartments?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

What property management company manges Park Trace Apartments?

Park Trace Apartments is managed by Investment Property Group headquartered in Park City, UT.

In addition to Park Trace Apartments, how many other affordable housing properties (and units) are there in Decatur?

In addition to Park Trace Apartments, we list 127 other affordable properties in Decatur. Learn about these properties here. Our data research shows that there are a total of 5294 affordable units in Decatur.

When was the Park Trace Apartments listing last updated?

Park Trace Apartments listing on Affordable Housing Online was last updated on 05/25/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Park Trace Apartments

Allegre Point Senior Residences

3391 Flat Shoals Rd, Decatur, Georgia 30034

bed 1
switch_access_shortcut Short Wait
accessibility Accessible

Retreat at Madison Place

3907 Redwing Crcl, Decatur, Georgia 30035

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Abbington Perimeter

3250 Panthersville Road, Decatur, Georgia 30034

bed 1-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

The Retreat At Madison Place

3907 Redwing Circle, Decatur, Georgia 30035

bed 1-2
payment $838-971/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Ahepa One Apartments

2025 Ludovie Ln, Decatur, Georgia 30033

payment Subsidized
elderly Senior
accessibility Accessible

Community Housing, Inc

1179 Russell Dr, Decatur, Georgia 30030

accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.