902 13th St SW, Spencer, IA 51301
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $535 - 590 per Month† | 3 - 4 Beds | 1 Bath | 1,048 - 1,225 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.
Southern Pointe Apartments offer spacious 3 and 4 bedroom apartments and townhomes in a brand new building constructed in 2016. Southern Pointe boasts numerous energy efficiency and air quality features to keep you comfortable and keep your bills low. Complementary internet access is included in your rent.
The security deposit is equal to one month's rent. Rent includes water, sewer, and trash bills; other expenses are the resident's responsibility, and at Southern Pointe, basic internet service is also included in rent.
Because Southern Pointe Apartments 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 3 Bedroom (3/1) | 1048ft2 | $535† |
| 4 Bedroom (4/1) | 1225ft2 | $590† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $29,250 / year | $33,400 / year | $37,600 / year | $41,750 / year | $45,100 / year | $48,450 / year | $51,800 / year | $55,150 / year |
| 50% AMI for PBRA Units | $29,250 / year | $33,400 / year | $37,600 / year | $41,750 / year | $45,100 / year | $48,450 / year | $51,800 / year | $55,150 / year |
| 60% AMI for LIHTC Units | $35,100 / year | $40,080 / year | $45,120 / year | $50,100 / year | $54,120 / year | $58,140 / year | $62,160 / year | $66,180 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Southern Pointe Apartments have a waiting list?
Southern Pointe Apartments 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 Southern Pointe Apartments?
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 Southern Pointe Apartments?
Southern Pointe Apartments is managed by Community Housing Initiatives headquartered in Spencer, Iowa.
In addition to Southern Pointe Apartments, how many other affordable housing properties (and units) are there in Spencer?
In addition to Southern Pointe Apartments, we list 8 other affordable properties in Spencer. Learn about these properties here. Our data research shows that there are a total of 291 affordable units in Spencer.
When was the Southern Pointe Apartments listing last updated?
Southern Pointe Apartments listing on Affordable Housing Online was last updated on 01/01/2023 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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