1518 25th Avenue, Moline, IL 61265
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | - |
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.
Garfield School Senior Residences is a combination of historical rehab and new construction. The property is a combination of the original 1901 school, the 1955 addition to the school, and new construction.
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 Garfield School Senior Residences 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom One Bath (1/1) | - | Call for Price† |
| Two Bedroom One Bath (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,550 / year | $21,200 / year | $24,860 / year | $30,000 / year |
| 50% AMI for LIHTC Units | $30,950 / year | $35,400 / year | $39,800 / year | $44,200 / year |
| 50% AMI for PBRA Units | $30,950 / year | $35,400 / year | $39,800 / year | $44,200 / year |
| 60% AMI for LIHTC Units | $37,140 / year | $42,480 / year | $47,760 / year | $53,040 / year |
| 80% AMI for PBRA Units | $49,500 / year | $56,600 / year | $63,650 / year | $70,700 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Garfield School Senior Residences have a waiting list?
Garfield School Senior Residences 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 Garfield School Senior Residences?
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 Garfield School Senior Residences?
Garfield School Senior Residences is managed by Gorman & Company, Inc. headquartered in Oregon, Wisconsin.
In addition to Garfield School Senior Residences, how many other affordable housing properties (and units) are there in Moline?
In addition to Garfield School Senior Residences, we list 27 other affordable properties in Moline. Learn about these properties here. Our data research shows that there are a total of 1903 affordable units in Moline.
When was the Garfield School Senior Residences listing last updated?
Garfield School Senior Residences listing on Affordable Housing Online was last updated on 01/01/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Vickie Fields-Byrd says:
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