Colony Plaza

404 E. St. Louis Avenue , Excelsior Springs, MO 64024

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2019 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	1 Bed	1 Bath	540 Sq Ft

Call (816) 630-6600 Email

Waitlist Forecast

Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.

Colony Plaza , located in the center of Excelsior Springs, is a beautifully-maintained high-rise building with 111 one-bedroom apartments for elderly residents. The property offers easy access to the downtown area, with on-site parking and public transportation nearby. Its outdoor grounds are well-landscaped and include benches and a picnic area. Recently, Colony Plaza's ground-floor community room was completely renovated, including the installation of a new full kitchen for use by resident groups. Section 8 rent subsidies are available to income-qualified applicants. Professional management, including 24-hour emergency response, is provided by Preservation Housing Management (PHM).

Dave's Thoughts On Colony Plaza

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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. 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. LIHTC properties tend to have shorter waiting lists however, since Colony Plaza has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.

~ Dave Layfield, Founder of Affordable Housing Online

Colony Plaza Amenities

Community Room
Close to Dining
Close to Shopping
Laundry Room
24hr Emergency Maintenance
Air Conditioning
Cable Ready
Window Coverings
Carpet
Refrigerator

Units at Colony Plaza

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	540ft²	Call for Price^†

Income Qualification for Colony Plaza

*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	5 people	6 people	7 people	8 people
30% AMI for PBRA Units	$21,550 / year	$24,600 / year	$27,700 / year	$30,750 / year	$35,140 / year	$40,280 / year	$45,420 / year	$50,560 / year
50% AMI for LIHTC Units	$35,900 / year	$41,000 / year	$46,150 / year	$51,250 / year	$55,350 / year	$59,450 / year	$63,550 / year	$67,650 / year
50% AMI for PBRA Units	$35,900 / year	$41,000 / year	$46,150 / year	$51,250 / year	$55,350 / year	$59,450 / year	$63,550 / year	$67,650 / year
60% AMI for LIHTC Units	$43,080 / year	$49,200 / year	$55,380 / year	$61,500 / year	$66,420 / year	$71,340 / year	$76,260 / year	$81,180 / year
80% AMI for PBRA Units	$57,400 / year	$65,600 / year	$73,800 / year	$82,000 / year	$88,600 / year	$95,150 / year	$101,700 / year	$108,250 / year

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

FAQs for Colony Plaza

Does Colony Plaza have a waiting list?

Colony Plaza 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 Colony Plaza?

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 Colony Plaza?

Colony Plaza is managed by Preservation Housing Management headquartered in Boston, Massachusetts.

In addition to Colony Plaza, how many other affordable housing properties (and units) are there in Excelsior Springs?

In addition to Colony Plaza, we list 17 other affordable properties in Excelsior Springs. Learn about these properties here. Our data research shows that there are a total of 387 affordable units in Excelsior Springs.

Listings Near Colony Plaza

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