373 N. Spencer Street, Post Falls, ID 83854
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 700 - 1,109 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.
The apartment homes at Spencer Place were designed with our residents in mind. In the heart of Post Falls, Spencer Place is conveniently located near Lake Coeur d'Alene, and offers easy on and off access to 1-90. Within walking distance of Ponderosa Elementary School, residents will enjoy the plethora of nearby options for shopping, dining, healthcare and more.
Spencer Place offers a variety of floor plans including one-, two- and three-bedroom options. All units include fully equipped kitchens, full sized washer and dryers, and spacious walk-in closets in our master bedrooms. With ample amenities such as a fitness center, outdoor pool, sports court, bark park, and playgrounds, there is something for everyone.
Not only will you love the luxurious finishes, you will enjoy our affordable rents.
Their resident clubhouse provides a fitness center, computer room with internet, printer, and free Wi-Fi, a game room with billiards, and a resident lounge with a fireplace where you can enjoy watching the big game or a movie. Take your activities outdoors and enjoy the heated swimming pool, BBQ area, sports court or playground and nearby scenic trails.
Pet Policy
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 Spencer Place 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 |
|---|---|---|
| 1 Bedroom (1/1) | 700ft2 | Call for Price† |
| 2 Bedroom (2/2) | 940ft2 | Call for Price† |
| 3 Bedroom (3/2) | 1109ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $27,450 / year | $31,400 / year | $35,300 / year | $39,200 / year | $42,350 / year | $45,500 / year |
| 50% AMI for PBRA Units | $27,450 / year | $31,400 / year | $35,300 / year | $39,200 / year | $42,350 / year | $45,500 / year |
| 60% AMI for LIHTC Units | $32,940 / year | $37,680 / year | $42,360 / year | $47,040 / year | $50,820 / year | $54,600 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Spencer Place have a waiting list?
Spencer Place 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 Spencer Place?
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 Spencer Place?
Spencer Place is managed by FPI Management, Inc. headquartered in Folsom, California.
In addition to Spencer Place, how many other affordable housing properties (and units) are there in Post Falls?
In addition to Spencer Place, we list 27 other affordable properties in Post Falls. Learn about these properties here. Our data research shows that there are a total of 822 affordable units in Post Falls.
When was the Spencer Place listing last updated?
Spencer Place listing on Affordable Housing Online was last updated on 02/17/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
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Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Celeste Law says:
"Affordable Housing Online is a great source of information, and is very helpful in answering questions about Section 8 and Public Housing."