114C Wilkins Loop, New Albany, MS 38652
Waiting List Forecast: Likely Short or None
Verified for 2022 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $595 per Month† | 3 Beds | 2.5 Baths | 1,386 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.
The Brand New Beacon Hill, located in New Albany, Mississippi, offers 96 three bedroom, two and a half bath, townhomes. Their SMOKE FREE*, luxury community features spacious floor plans, attached individual two car garage with remote, fully equipped kitchens with dishwasher, in unit washer and dryer, business center and clubhouse. They also offer Complimentary WiFi!
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 Beacon Hill 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Three Bedroom (3/2.5) | 1386ft2 | $595† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $22,300 / year | $25,450 / year | $28,650 / year | $31,800 / year | $34,350 / year | $36,900 / year |
| 50% AMI for PBRA Units | $22,300 / year | $25,450 / year | $28,650 / year | $31,800 / year | $34,350 / year | $36,900 / year |
| 60% AMI for LIHTC Units | $26,760 / year | $30,540 / year | $34,380 / year | $38,160 / year | $41,220 / year | $44,280 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Beacon Hill have a waiting list?
Beacon Hill 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 Beacon Hill?
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 Beacon Hill?
Beacon Hill is managed by Fourmidable headquartered in Bingham Farms, Michigan.
In addition to Beacon Hill, how many other affordable housing properties (and units) are there in New Albany?
In addition to Beacon Hill, we list 7 other affordable properties in New Albany. Learn about these properties here. Our data research shows that there are a total of 273 affordable units in New Albany.
When was the Beacon Hill listing last updated?
Beacon Hill listing on Affordable Housing Online was last updated on 08/04/2022 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
Housing options for renters with a criminal record.
A criminal history does not automatically disqualify a renter from federal housing assistance. But more serious offenses may make you inelligible if they were recent.Geri Ridley says:
"Affordable Housing Online helps renters who need help and don't know where to start."