607 Broadway Ave., Fairfield, IA 52556
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 3 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.
This historic property was once known as Louden Machinery and as the Broadway Building, originally built in 1892, has been brought back to life with an amazing transformation! Completely renovated building! Opening Mid July! Many apartments to choose from! Studios, One Bedroom, Two Bedroom, and Three Bedroom apartments ranging in size from 450 sq. ft. to 1220 sq. ft., with prices to fit anyone’s budget. Property pays the water, sewer, and the trash! You only pay the gas and electric. Student and income restrictions apply on select units.
Modern, open floor plan. Apartments come equipped with a stove, refrigerator, dishwasher, microwave, as well as a washer and dryer. Central heating and central air. Carpeting throughout. Large windows with blinds provided. Stunning cabinets and finishes. This is a non-smoking, no pet building. It features off street parking. There is a community room and media center. Additional storage space for every apartment. Internet (5mbps) provided! Be one of the first to call this your new home!
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 Louden Lofts 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 |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $29,250 / year | $33,400 / year | $37,600 / year | $41,750 / year | $45,100 / year | $48,450 / year |
| 50% AMI for PBRA Units | $29,250 / year | $33,400 / year | $37,600 / year | $41,750 / year | $45,100 / year | $48,450 / year |
| 60% AMI for LIHTC Units | $35,100 / year | $40,080 / year | $45,120 / year | $50,100 / year | $54,120 / year | $58,140 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Louden Lofts have a waiting list?
Louden 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 Louden 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 Louden Lofts?
Louden Lofts is managed by Premier Housing Management headquartered in St. Paul, MN.
In addition to Louden Lofts, how many other affordable housing properties (and units) are there in Fairfield?
In addition to Louden Lofts, we list 9 other affordable properties in Fairfield. Learn about these properties here. Our data research shows that there are a total of 304 affordable units in Fairfield.
When was the Louden Lofts listing last updated?
Louden Lofts listing on Affordable Housing Online was last updated on 02/24/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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