1508 and 1601 Basin Street, New Orleans, LA 70116
Waiting List Forecast: Closed
Verified for 2023 by Nathan Brunet| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | 714 Sq Ft |
Multiple Properties Waiting List
The Housing Authority of New Orleans (HANO) Elderly Section 8 Project-Based Voucher waiting list for Studio, 1 and 2-Bedroom apartments at multiple properties is currently closed. Applications were last accepted from November 16, 2020 until an unconfirmed close date in March, 2021. There is no notice of when this waiting list will reopen.
This opening was for the following properties:
Please note: According HANO, "only online pre-applications from families who qualify for elderly studio, elderly one and elderly two bedroom(s) will be accepted."
To apply during the opening period, applicants were required to complete the online application.
Preferences have not yet been confirmed.
Selected applicants were placed on the waiting list by the date and time the application is received.
For more information, visit the HANO website.
Sources: This information was verified by HANO on March 23, 2021
Go to the public housing authority page for this waiting list >>
HRI Properties, LLC is developed this project for Historic Restoration, Incorporated with funding from the Louisiana Housing Authority. This redevelopment of historic properties at 1508 and 1601 Orleans Avenue in New Orleans, introduces residential activity to existing structures and a neighborhood while providing a rebirth for both the buildings as well as a historic New Orleans commercial corridor. Complementing the historic rehabilitations with new construction, these developments create a senior living community of 68 total units on the sites of a former Works Progress Administration neighborhood market from the 1930s and a late 19th century wood framed commercial building.
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 Residence at Treme Market 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 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many 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 lower incomes. 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) | 714ft2 | 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 | $17,250 / year | $19,720 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $28,700 / year | $32,800 / year | $36,900 / year | $41,000 / year | $44,300 / year | $47,600 / year | $50,850 / year | $54,150 / year |
| 50% AMI for PBRA Units | $28,700 / year | $32,800 / year | $36,900 / year | $41,000 / year | $44,300 / year | $47,600 / year | $50,850 / year | $54,150 / year |
| 60% AMI for LIHTC Units | $34,440 / year | $39,360 / year | $44,280 / year | $49,200 / year | $53,160 / year | $57,120 / year | $61,020 / year | $64,980 / year |
| 80% AMI for PBRA Units | $45,950 / year | $52,500 / year | $59,050 / year | $65,600 / year | $70,850 / year | $76,100 / year | $81,350 / year | $86,600 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Residence at Treme Market have a waiting list?
Residence at Treme Market has a waiting list. See above for waiting list details.
Are rents subsidized at Residence at Treme Market?
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 Residence at Treme Market?
Residence at Treme Market is managed by HRI Management headquartered in New Orleans, LA.
In addition to Residence at Treme Market, how many other affordable housing properties (and units) are there in New Orleans?
In addition to Residence at Treme Market, we list 298 other affordable properties in New Orleans. Learn about these properties here. Our data research shows that there are a total of 9294 affordable units in New Orleans.
When was the Residence at Treme Market listing last updated?
Residence at Treme Market listing on Affordable Housing Online was last updated on 03/16/2023 by Nathan Brunet. Remember, a property's status can change so you should contact the property to confirm.
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