2001 Edison Avenue, Granite City, IL 62040
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $525 - 750 per Month† | 1 - 2 Beds | 1 - 1.5 Bath | - |
This project has been funded and will begin construction soon.
http://www.risestl.org/7749/rise-community-development-transforms-ymca-into-arts-hub-and-affordable-apartments/
December 18, 2019 – Rise Community Development (Rise) is pleased to announce closing on the financing for the rehabilitation and conversion of the former Tri-City YMCA in Granite City!
Located in historic downtown Granite City, Edison Avenue Art Lofts offers high-quality, affordable housing in the heart of the burgeoning Granite City arts scene.
Here, you’re within walking distance of boutique restaurants and coffee shops, the Granite City Cinema, and more!
Because Edison Avenue Art Lofts 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. Some of the LIHTC units may have even lower household income requirements and corresponding lower rent caps.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | $525 $750† |
| Two Bedroom One Bath (2/1) | - | $525 $750† |
| Two Bedroom One Half Bath (2/1.5) | - | $525 $750† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $35,200 / year | $40,200 / year | $45,250 / year | $50,250 / year |
| 50% AMI for PBRA Units | $35,200 / year | $40,200 / year | $45,250 / year | $50,250 / year |
| 60% AMI for LIHTC Units | $42,240 / year | $48,240 / year | $54,300 / year | $60,300 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Edison Avenue Art Lofts have a waiting list?
Edison Avenue Art Lofts 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 Edison Avenue Art Lofts?
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 Edison Avenue Art Lofts?
Edison Avenue Art Lofts is managed by McCormack Baron Management headquartered in Saint Louis , Missouri.
In addition to Edison Avenue Art Lofts, how many other affordable housing properties (and units) are there in Granite City?
In addition to Edison Avenue Art Lofts, we list 10 other affordable properties in Granite City. Learn about these properties here. Our data research shows that there are a total of 803 affordable units in Granite City.
If you're a homeless veteran, contact your VA Medical Center.
You may have an opportunity to apply for a VASH voucher, which is a Section 8 voucher for homeless veterans.Takesha Powell says:
"Affordable Housing Online is a great resource that provides a lot of helpful links to get low-income and affordable housing."