Terraces at the Park

854 Westbrook Street, Griffin, GA 30224

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 Lorena Bentley
Rent Beds Baths SqFt
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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.

Terraces at the Park is an exclusive 62+ senior living complex featuring 68 one bedroom apartments and caters to active adults looking for a community that offers both quality and affordability.

 

For the enjoyment and convenience of all residents, central common areas include a community arts and crafts room, fitness center, and business center with computer stations, wellness center, interior gathering areas and a laundry room. We also offer a gazebo/picnic area and other green space. Our friendly staff plans regular community events to meet the needs of our residents and offer a relaxing way to fellowship with neighbors! 

Dave's Thoughts On Terraces at the Park

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 RAD 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 Terraces at the Park 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 RAD 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

Terraces at the Park Amenities

  • Fitness Center
  • Gazebo
  • Dishwasher
  • Microwave
  • Patio Deck Or Balcony
  • Refrigerator
  • Breakfast Bar
  • Laundry Room(s)
  • Stove
  • Computer Room
  • Smoke Free

Income Qualification for Terraces at the Park

*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 Terraces at the Park

Does Terraces at the Park have a waiting list?

Terraces at the Park 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 Terraces at the Park?

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 Terraces at the Park?

Terraces at the Park is managed by Envolve Communities LLC headquartered in Montgomery, AL.

In addition to Terraces at the Park, how many other affordable housing properties (and units) are there in Griffin?

In addition to Terraces at the Park, we list 15 other affordable properties in Griffin. Learn about these properties here. Our data research shows that there are a total of 1085 affordable units in Griffin.

When was the Terraces at the Park listing last updated?

Terraces at the Park listing on Affordable Housing Online was last updated on 01/01/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Terraces at the Park

The Oaks at Park Pointe Apartments

420 Park Road, Griffin, Georgia 30224

TERRACES AT THE PARK

854 WESTBROOK ST, Griffin, Georgia 30224

IRIS AT PARK POINTE

859 PARK POINTE DR, Griffin, Georgia 30224

Heritage Apartments

1012 Beck St, Griffin, Georgia 30224

Northside Hills Apartments

615 Northside Dr, Griffin, Georgia 30223

Ava Park Apartments

1100 W College Ext, Griffin, Georgia 30224

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