3215 Tea St., Alexandria, LA 71301
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 4 Beds | 1 Bath | 550 - 1,040 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.
You are going to just love your new lifestyle at Magnolia Crossing. Conveniently located in Alexandria Louisiana, Magnolia Crossing is nestled within a convenient residential neighborhood. Here, you’ll appreciate hard-to-find extras such as washers and dryers and the availability of exterior storage rooms. The central location of Magnolia Crossing is situated close to grocery shopping, retail shops and services, healthcare, scrumptious dining options and exciting entertainment. Additionally, this delightful community is on the bus stop and is convenient to I-49.
Within your spacious 1-, 2-, 3- or 4-bedroom interior, your treated to plenty of natural light from large windows as well as to mini-blinds, refrigerators with icemakers, efficient gas stoves and even built-in microwave ovens. Best of all, the dedicated staff at Magnolia Crossing will help make your days simple and carefree. They look forward to speaking or meeting with you at Magnolia Crossing … welcome 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 Magnolia Crossing 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) | 550ft2 | Call for Price† |
| 2 Bedroom (2/1) | 700ft2 | Call for Price† |
| 3 Bedroom (3/1) | 912ft2 | Call for Price† |
| 4 Bedroom (4/1) | 1040ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $22,000 / year | $25,150 / year | $28,300 / year | $31,400 / year | $33,950 / year | $36,450 / year | $38,950 / year | $41,450 / year |
| 50% AMI for PBRA Units | $22,000 / year | $25,150 / year | $28,300 / year | $31,400 / year | $33,950 / year | $36,450 / year | $38,950 / year | $41,450 / year |
| 60% AMI for LIHTC Units | $26,400 / year | $30,180 / year | $33,960 / year | $37,680 / year | $40,740 / year | $43,740 / year | $46,740 / year | $49,740 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Magnolia Crossing have a waiting list?
Magnolia Crossing 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 Magnolia Crossing?
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 Magnolia Crossing?
Magnolia Crossing is managed by Standard Enterprises, Inc. headquartered in Monroe, Louisiana.
In addition to Magnolia Crossing, how many other affordable housing properties (and units) are there in Alexandria?
In addition to Magnolia Crossing, we list 24 other affordable properties in Alexandria. Learn about these properties here. Our data research shows that there are a total of 1399 affordable units in Alexandria.
When was the Magnolia Crossing listing last updated?
Magnolia Crossing listing on Affordable Housing Online was last updated on 03/17/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
Wait until you have a Section 8 voucher to find housing.
It usually takes months or years to reach the top of a Section 8 HCV waiting list. Any apartments you see now will likely not be available when you get your voucher.Ivette Betancourt says:
"Affordable Housing Online is a helpful website that can benefit many families looking for a decent affordable home."