42 Osage Ln, Pontotoc, MS 38863
Waiting List Forecast: Likely Short or None
Verified for 2022 by Connor Bailey, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $374 - 715 per Month† | 3 Beds | 2.5 Baths | 1,400 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.
Located in the heart of downtown Pontotoc, Mississippi, Cherry Creek Townhomes is perfectly situated for great shopping, local dining flare, and great entertainment. Their charming community has been designed with your comfort and convenience in mind. Access to MS-9 and MS-15 ensures you can explore all that northern Mississippi has to offer. Your future begins here at Cherry Creek Townhomes.
Their spacious smoke-free three bedroom townhomes for rent come equipped with a two-car garage, a patio, carpeted floors, vinyl plank flooring, and walk-in closets. Cook that gourmet meal in the fully-equipped kitchen. They strive to help you get those chores completed with an in-home washer and dryer. Cherry Creek Townhomes is a pet-friendly community so bring them along!
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 Cherry Creek 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 |
|---|---|---|
| Three Bedroom (3/2.5) | 1400ft2 | $374 $715† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $22,050 / year | $25,200 / year | $28,350 / year | $31,450 / year | $34,000 / year | $36,500 / year |
| 50% AMI for PBRA Units | $22,050 / year | $25,200 / year | $28,350 / year | $31,450 / year | $34,000 / year | $36,500 / year |
| 60% AMI for LIHTC Units | $26,460 / year | $30,240 / year | $34,020 / year | $37,740 / year | $40,800 / year | $43,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cherry Creek have a waiting list?
Cherry Creek 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 Cherry Creek?
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 Cherry Creek?
Cherry Creek is managed by United Apartment Group headquartered in San Antonio , Texas.
In addition to Cherry Creek, how many other affordable housing properties (and units) are there in Pontotoc?
In addition to Cherry Creek, we list 7 other affordable properties in Pontotoc. Learn about these properties here. Our data research shows that there are a total of 344 affordable units in Pontotoc.
273 Lakeview Cove, Pontotoc, Mississippi 38863
265 Lakeshore Dr, Pontotoc, Mississippi 38863
180 Hud St, Pontotoc, Mississippi 38863
327 Hwy 15 Byp, Pontotoc, Mississippi 38863
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.Dawn Cournoyer says:
"Affordable Housing Online is a great resource! The site gives people a great place to search for housing list openings."