38 N McKinley St, Henderson, KY 42420
Waiting List Forecast: Likely Short or None
Verified for 2019 by Ayat Elkarib, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1 - 2 Baths | - |
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.
WARM Residences is an apartment complex located adjacent to the campus of the Women’s Addiction Recovery Manor. Their mission is to provide a drug and alcohol free environment for tenants, their families, and guests of the property. They strive to ensure that everyone who resides and visits WARM Residences lives a clean and sober life.
The 32 unit complex was constructed in 2011. The campus consists of 8 three bedroom units with 2 baths and 24 two bedroom units with 1 bath. They have a Community building on the property that houses the main leasing office, exercise room, children’s play area and a comfortable meeting and gathering space equipped with full kitchen. The Community building may be used by tenants for various functions in coordination with Site Manager.
All apartment units come with the following amenities: Fully equipped kitchen with stove, refrigerator, and dishwasher, Washer/Dryer hook up in units, Grills and picnic area, Playground, Secured Mailboxes, Handicap accessible units available upon request, 12 step recovery meetings easily accessible, Ample Parking, Quarterly tenant meetings and newsletter.
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 WARM 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. 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 |
|---|---|---|
| 2 Bedroom (2/1) | - | Call for Price† |
| 3 Bedroom (3/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $30,600 / year | $34,950 / year | $39,300 / year | $43,650 / year | $47,150 / year | $50,650 / year |
| 50% AMI for PBRA Units | $30,600 / year | $34,950 / year | $39,300 / year | $43,650 / year | $47,150 / year | $50,650 / year |
| 60% AMI for LIHTC Units | $36,720 / year | $41,940 / year | $47,160 / year | $52,380 / year | $56,580 / year | $60,780 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does WARM Residences have a waiting list?
WARM 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 WARM 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 WARM Residences?
WARM Residences is managed by Homeland Inc Property Management headquartered in Leitchfield , KY.
In addition to WARM Residences, how many other affordable housing properties (and units) are there in Henderson?
In addition to WARM Residences, 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.
1400 Clay Street, Henderson, Kentucky 42420
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