The Preserve

4301 Tulane Ave, New Orleans, LA 70119

Waiting List Forecast: Likely Short or None

check_circleVerified for 2021 by Lorena Bentley

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 2 Beds	1 - 2 Baths	674 - 1,067 Sq Ft

Call (504) 517-0883

Waitlist Forecast

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.

The Preserve. Set in a historic building, where the iconic restored Crystal Hot Sauce sign serves as a nod to a storied past, offering one and two bedroom apartments for rent. A blend of throwback elegance and modern flavor.

Dave's Thoughts On The Preserve

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 The Preserve 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

The Preserve Amenities

Fitness Center
BBQ and Picnic Area
Clubhouse
On-Site Manager
Pool
Air Conditioning
Online Payments Accepted
Energy Star Appliances
On-Site Maintenance
Extra Closet Space

Units at The Preserve

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	674ft²	Call for Price^†
Two Bedroom (2/2)	1067ft²	Call for Price^†

Income Qualification for The Preserve

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people
30% AMI for PBRA Units	$17,250 / year	$19,720 / year	$24,860 / year	$30,000 / year
50% AMI for LIHTC Units	$28,700 / year	$32,800 / year	$36,900 / year	$41,000 / year
50% AMI for PBRA Units	$28,700 / year	$32,800 / year	$36,900 / year	$41,000 / year
60% AMI for LIHTC Units	$34,440 / year	$39,360 / year	$44,280 / year	$49,200 / year
80% AMI for PBRA Units	$45,950 / year	$52,500 / year	$59,050 / year	$65,600 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for The Preserve

Does The Preserve have a waiting list?

The Preserve 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 The Preserve?

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 The Preserve, how many other affordable housing properties (and units) are there in New Orleans?

In addition to The Preserve, 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.