Park Chase Apartments

1150 Old Statenville Road
Valdosta, Georgia

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Units

Unit (Bd/Ba)Ft2Rent
Two Bedroom (2/1)2Br./1Ba.736Call for PriceMessage
Three Bedroom (3/1)3Br./1Ba.824Call for PriceMessage

About Park Chase Apartments

Nice affordable housing family community located in Valdosta, GA. Close to school and park. On site laundry facility and playground for kids. Please contact site manager for more details.


Park Chase Apartments is a 30 unit affordable housing community in Valdosta, Georgia. The community is located in the 8th Congressional District of Georgia.

Property Amenities

  • Playground
  • Laundry Room
  • 24hr Emergency Maintenance

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Window Coverings
  • Carpet
  • Patio, Deck Or Balcony

Nearby Amenities

  • Close to Shopping
  • Near Park
  • Near Schools

Section 202 Supportive Housing for the Elderly

Since this property was built using funding through HUD's Section 202 Supportive Housing for the Elderly program, residency is restricted to persons who earn 50% of the Area Median Income (AMI) or less. Like other rental assistance programs like Section 8, resident's rents are based on their income and the tenant contribution is set at 30% of the tenants income.

Project-Based Section 8

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Low Income Housing Tax Credit

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC and therefore may be set at levels higher than the area's LIHTC limits.

Project Based Rental Assistance
Senior (62+)
Accessible Units
Accepts Housing Choice Vouchers

Valdosta HUD Rental Assistance Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30%$12,060$16,240$20,420$23,900$25,850$27,750$29,650$31,550
50%$16,750$19,150$21,550$23,900$25,850$27,750$29,650$31,550
80%$26,800$30,600$34,450$38,250$41,350$44,400$47,450$50,500

Valdosta Low Income Housing Tax Credit Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50%$16,750$19,150$21,550$23,900$25,850$27,750$29,650$31,550
60%$20,100$22,980$25,860$28,680$31,020$33,300$35,580$37,860

Park Chase Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD's Project Based Section 8 program. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a Project Based Section 8 Program unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Park Chase Apartments has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex when more than one Federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Managed By WinnResidential

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