105 Buchanan Street, Laurel, MS 39440
Waiting List Forecast: Likely Short or None
Verified for 2019 by Ric Gresia, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $680 - 944 per Month† | 2 - 3 Beds | 2 Baths | 1,084 - 1,216 Sq Ft |
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.
Residents appreciate easy access to all of the local restaurants, shopping, and entertainment nearby. Enjoy the closeness of our local parks and take a stroll with the family.
Palisades Park I & II offers three floor plans with two and three bedrooms. These spacious homes come with an all-electric kitchen, dishwasher, pantry, central air and heating, 9-foot ceilings, ceiling fans, carpeted and faux wood flooring, extra storage, a garage, disability access, and washer and dryer connections. Relax after a long day on your personal patio or balcony and bring your furry companions along as this is a pet-friendly community.
Community amenities include a laundry facility, on-call maintenance, beautiful landscaping, play area, clubhouse and volleyball courts.
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 Palisades Park I & II 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 |
|---|---|---|
| 2 Bedroom (2/2) | 1084ft2 | $680† |
| 2 Bedroom (2/2) | 1084ft2 | $819† |
| 3 Bedroom (3/2) | 1216ft2 | $944† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 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 |
| 60% AMI for LIHTC Units | $26,160 / year | $29,880 / year | $33,600 / year | $37,320 / year | $40,320 / year | $43,320 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Palisades Park I & II have a waiting list?
Palisades Park I & II 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 Palisades Park I & II?
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 Palisades Park I & II?
Palisades Park I & II is managed by United Apartment Group headquartered in San Antonio , Texas.
In addition to Palisades Park I & II, how many other affordable housing properties (and units) are there in Laurel?
In addition to Palisades Park I & II, we list 16 other affordable properties in Laurel. Learn about these properties here. Our data research shows that there are a total of 1141 affordable units in Laurel.
523 W 20th St, Laurel, Mississippi 39440
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