698 S Broad Street, Monroe, GA 30655
Waiting List Forecast: Likely Short or None
Verified for 2024 by Alissa Ellison, Kari Fredrick, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 697 - 942 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.
Nestled between Atlanta and Athens, GA, Monroe offers residents a small-town feel and was built around some of the foundational cotton mills in the country, which first opened in 1895. Partnering with the family that purchased the Monroe Cotton Mill in 2011, OneStreet developed MainStreet Walton Mill on a previously undeveloped portion of the mill site, incorporating several architectural elements of the original mill building to create a community that looks like it’s always been there while providing residents with modern finishes and amenities including a Resident Wellness Center, outdoor grilling pavilion, fitness center, library, and community gardens.
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 MainStreet Walton Mill 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 |
|---|---|---|
| One Bed One Bath (1/1) | 697ft2 | Call for Price† |
| Two Bedroom One Bath (2/1) | 942ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $35,750 / year | $40,850 / year | $45,950 / year | $51,050 / year |
| 50% AMI for PBRA Units | $35,750 / year | $40,850 / year | $45,950 / year | $51,050 / year |
| 60% AMI for LIHTC Units | $42,900 / year | $49,020 / year | $55,140 / year | $61,260 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does MainStreet Walton Mill have a waiting list?
MainStreet Walton Mill 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 MainStreet Walton Mill?
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 MainStreet Walton Mill?
MainStreet Walton Mill is managed by OneStreet Residental headquartered in Atlanta, GA.
In addition to MainStreet Walton Mill, how many other affordable housing properties (and units) are there in Monroe?
In addition to MainStreet Walton Mill, we list 35 other affordable properties in Monroe. Learn about these properties here. Our data research shows that there are a total of 613 affordable units in Monroe.
When was the MainStreet Walton Mill listing last updated?
MainStreet Walton Mill listing on Affordable Housing Online was last updated on 06/25/2024 by Alissa Ellison. Remember, a property's status can change so you should contact the property to confirm.
510 Plaza Trce, Monroe, Georgia 30655
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