798 Saratoga St, Newport, KY 41071
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley, Ayat Elkarib| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | - |
This property is currently under construction.
Phase 2 is currently under construction
Senior housing facilities at Saratoga Place Apartments I & II are designed to meet the needs of seniors living independently in a safe, secure environment with on-site support services. Amenities and Features include: Affordable Housing based on income, Off-street parking, On-site Senior Support Specialist during business hours, On-site activities and day trips, Transportation available for grocery shopping, banking, and medical appointments, Monthly USDA Commodities Distribution, Individualized assistance with applications for services and resources, Low income discounts on heat and electric, Visiting physicians, Blood pressure clinics, Nutrition speakers, and Connection to skilled nursing, physical rehabilitation and hospice services.
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 Saratoga Place Apartments I & II 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 |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $21,250 / year | $24,300 / year | $27,350 / year | $30,350 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $35,400 / year | $40,450 / year | $45,500 / year | $50,550 / year | $54,600 / year | $58,650 / year | $62,700 / year | $66,750 / year |
| 50% AMI for PBRA Units | $35,400 / year | $40,450 / year | $45,500 / year | $50,550 / year | $54,600 / year | $58,650 / year | $62,700 / year | $66,750 / year |
| 60% AMI for LIHTC Units | $42,480 / year | $48,540 / year | $54,600 / year | $60,660 / year | $65,520 / year | $70,380 / year | $75,240 / year | $80,100 / year |
| 80% AMI for PBRA Units | $56,650 / year | $64,750 / year | $72,850 / year | $80,900 / year | $87,400 / year | $93,850 / year | $100,350 / year | $106,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Saratoga Place Apartments I & II have a waiting list?
Saratoga Place Apartments I & II 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 Saratoga Place Apartments I & II?
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 Saratoga Place Apartments I & II?
Saratoga Place Apartments I & II is managed by Brighton Center, INC. headquartered in Newport, KY.
In addition to Saratoga Place Apartments I & II, how many other affordable housing properties (and units) are there in Newport?
In addition to Saratoga Place Apartments I & II, we list 16 other affordable properties in Newport. Learn about these properties here. Our data research shows that there are a total of 728 affordable units in Newport.
29 18th Street, Newport, Kentucky 41071
450 W 6TH ST, Newport, Kentucky 41071
Don’t miss your window to apply!
If you can't apply now, write down when the waiting list closes. Many waiting lists are open only for a short time.Douglas Cook says:
"Affordable Housing Online is a good resource to keep you updated."