1000 Aven Ave, Greenwood, MS 38930
Waiting List Forecast: Likely Long or Closed
Verified for 2021 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 Bath | 500 - 700 Sq Ft |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
Terrace Gardens is an affordable apartment community conveniently located near shopping, dining, and entertainment. Our community features 1 to 3 bedroom floor plans, with modern kitchens, individual climate control and much more! There is also a community room, laundry facility and playground to help keep a more close knit relationship between our residents.
Since Terrace Gardens Apartments participates in the Section 8 Project-Based Rental Assistance program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (Flat) (1/1) | 500ft2 | Call for Price† |
| 1 Bedroom (2 story) (1/1) | 500ft2 | Call for Price† |
| 2 Bedroom (Flat) (2/1) | 600ft2 | Call for Price† |
| 2 Bedroom (2 Story) (2/1) | 600ft2 | Call for Price† |
| 3 Bedroom (3/1) | 700ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $14,580 / year | $19,720 / year | $24,860 / year | $30,000 / year | $33,600 / year | $36,100 / year |
| 50% AMI for LIHTC Units | $21,800 / year | $24,900 / year | $28,000 / year | $31,100 / year | $33,600 / year | $36,100 / year |
| 50% AMI for PBRA Units | $21,800 / year | $24,900 / year | $28,000 / year | $31,100 / year | $33,600 / year | $36,100 / year |
| 80% AMI for PBRA Units | $34,850 / year | $39,800 / year | $44,800 / year | $49,750 / year | $53,750 / year | $57,750 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Terrace Gardens Apartments have a waiting list?
Terrace Gardens Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Terrace Gardens Apartments?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Terrace Gardens Apartments?
Terrace Gardens Apartments is managed by The Michaels Organization headquartered in Camden, NJ.
In addition to Terrace Gardens Apartments, how many other affordable housing properties (and units) are there in Greenwood?
In addition to Terrace Gardens Apartments, we list 28 other affordable properties in Greenwood. Learn about these properties here. Our data research shows that there are a total of 1535 affordable units in Greenwood.
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