127 Cotton Bayou Ln, Monroe, LA 71202
Waiting List Forecast: Likely Short or None
Verified for 2021 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 4 Beds | 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.
Cotton Bayou Estates offers affordable two, three and four bedroom homes equipped with two full baths, full washer and dryers, garbage disposals, and more great amenities. We are conveniently located to great dining and shopping of 165 South across from the local high school.
Because Cotton Bayou Estates l & ll 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 |
|---|---|---|
| Two Bedroom (2/2) | 1196ft2 | Call for Price† |
| Three Bedroom (3/2) | 1332ft2 | Call for Price† |
| Four Bedroom (4/2) | - | 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 | $21,700 / year | $24,800 / year | $27,900 / year | $30,950 / year | $33,450 / year | $35,950 / year | $38,400 / year | $40,900 / year |
| 50% AMI for PBRA Units | $21,700 / year | $24,800 / year | $27,900 / year | $30,950 / year | $33,450 / year | $35,950 / year | $38,400 / year | $40,900 / year |
| 60% AMI for LIHTC Units | $26,040 / year | $29,760 / year | $33,480 / year | $37,140 / year | $40,140 / year | $43,140 / year | $46,080 / year | $49,080 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cotton Bayou Estates l & ll have a waiting list?
Cotton Bayou Estates l & ll 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 Cotton Bayou Estates l & ll?
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 Cotton Bayou Estates l & ll?
Cotton Bayou Estates l & ll is managed by Apartmentsmart Generic headquartered in Salisbury, Maryland.
In addition to Cotton Bayou Estates l & ll, how many other affordable housing properties (and units) are there in Monroe?
In addition to Cotton Bayou Estates l & ll, we list 90 other affordable properties in Monroe. Learn about these properties here. Our data research shows that there are a total of 3465 affordable units in Monroe.
2501 Wildflower Street, Monroe, Louisiana 71201
Housing options for persons with disabilities.
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