514 S 12th St, Boise, ID 83702
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | 540 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.
12th & River Senior Apartments is the first new multifamily development dedicated to senior citizens in more than two years in the Boise area and marks Mercy Housing's first new construction property in the city. The three-story structure is located on 3/4 of an acre of land and is close to downtown Boise with easy access to the Green Belt, a walking and bike path that runs along the Boise River. The finest green living has to offer, this property has been defined by LEED certification and a commitment to quality environmental conservation.
Because 12th and River Street Hsg participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
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| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 540ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,750 / year | $21,400 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $31,200 / year | $35,650 / year | $40,100 / year | $44,550 / year | $48,150 / year | $51,700 / year | $55,250 / year | $58,850 / year |
| 50% AMI for PBRA Units | $31,200 / year | $35,650 / year | $40,100 / year | $44,550 / year | $48,150 / year | $51,700 / year | $55,250 / year | $58,850 / year |
| 60% AMI for LIHTC Units | $37,440 / year | $42,780 / year | $48,120 / year | $53,460 / year | $57,780 / year | $62,040 / year | $66,300 / year | $70,620 / year |
| 80% AMI for PBRA Units | $49,950 / year | $57,050 / year | $64,200 / year | $71,300 / year | $77,050 / year | $82,750 / year | $88,450 / year | $94,150 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does 12th and River Street Hsg have a waiting list?
12th and River Street Hsg 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 12th and River Street Hsg?
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 12th and River Street Hsg?
12th and River Street Hsg is managed by Mercy Housing headquartered in Denver, Colorado.
In addition to 12th and River Street Hsg, how many other affordable housing properties (and units) are there in Boise?
In addition to 12th and River Street Hsg, we list 53 other affordable properties in Boise. Learn about these properties here. Our data research shows that there are a total of 3068 affordable units in Boise.
When was the 12th and River Street Hsg listing last updated?
12th and River Street Hsg listing on Affordable Housing Online was last updated on 01/02/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Karen Grim says:
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