1400 Clay Street, Henderson, KY 42420
Waiting List Forecast: Likely Short or None
Verified for 2022 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $500 - 595 per Month† | 1 - 2 Beds | 1 Bath | 607 - 888 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.
Audubon School Apartments serves 55 & older offering 1-&2- bedroom apartments. Parking is at the end of the building (Left Side if you face the building) and trash dumpster is behind the building (under construction at the moment). The building is 3 floors to include an elevator installed and serviced by Otis Elevator. The building has 49 apartments, one community room, warming kitchen, leasing office, and small sitting area on the second & third floors. Owner will pay water, sewer, trash, and the building will be all electric with the Resident paying their own electric bill. Each apartment is equipped with refrigerator, stove, microwave, and dishwasher and the bathrooms will have tub/shower combos. There is a washer/dryer hookup in the apartment. A one bedroom is approximately 607 square-feet with rent being set at $500. A two bedroom is approximately 888 square-feet with rent being set at $595.
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 Audubon School Apartments 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. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with very low incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 607ft2 | $500† |
| 2 Bedroom (2/1) | 888ft2 | $595† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $30,600 / year | $34,950 / year | $39,300 / year | $43,650 / year |
| 50% AMI for PBRA Units | $30,600 / year | $34,950 / year | $39,300 / year | $43,650 / year |
| 60% AMI for LIHTC Units | $36,720 / year | $41,940 / year | $47,160 / year | $52,380 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Audubon School Apartments have a waiting list?
Audubon School 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 Audubon School 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 Audubon School Apartments ?
Audubon School Apartments is managed by Valenti Real Estate Services, Inc. headquartered in Indianapolis, Indiana.
In addition to Audubon School Apartments , how many other affordable housing properties (and units) are there in Henderson?
In addition to Audubon School Apartments , we list 20 other affordable properties in Henderson. Learn about these properties here. Our data research shows that there are a total of 1163 affordable units in Henderson.
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