923 Constance Street, New Orleans, LA 70130
Waiting List Forecast: Likely Short or None
Verified for 2023 by Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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.
St. Joe Lofts is a model sustainable artist development. It is the first and sustains as the only residential artist community in New Orleans’s Arts District. St. Joe Lofts features a mix of affordable and market rate units.
St. Joe Lofts offers artists residency coupled with programming to promote success: affordable housing, first-class exhibition and event space, and opportunities for residents and affiliates alike to network, showcase, and foster creative growth.
St. Joe Lofts was built for artists. Its infrastructure and facilities are more than handsome living, though. St. Joe Lofts since inception has been principally a community. Bridging residents with the City of New Orleans, the St. Joe Lofts’ Artist Community hosts regular events and exhibitions, purposing to cultivate the city’s rich history with the arts.
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 St Joe Lofts 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections. 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.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 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 |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does St Joe Lofts have a waiting list?
St Joe Lofts 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 St Joe Lofts?
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.
In addition to St Joe Lofts, how many other affordable housing properties (and units) are there in New Orleans?
In addition to St Joe Lofts, we list 116 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 St Joe Lofts listing last updated?
St Joe Lofts listing on Affordable Housing Online was last updated on 01/03/2023 by Ric Gresia. Remember, a property's status can change so you should contact the property to confirm.
14765 Chef Menteur Hwy, New Orleans, Louisiana 70129
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Kara Qualls says:
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