770 East 5th Street, Kansas City, MO 64106
Waiting List Forecast: Likely Short or None
Verified for 2022 by Rachel Overby, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 - 2 Baths | 666 - 900 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.
CP Lofts offers one and two-bedroom floor plans, pet-friendly accommodations, and plenty of top-tier amenities. Enjoy fully-equipped kitchens with granite countertops, sleek polished concrete flooring, an on-site fitness center, and water & garbage removal included. CP Lofts is also minutes from shopping, dining, entertainment, and public transportation.
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 CP Lofts 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Columbus Park-C (1/1) | 666ft2 | Call for Price† |
| Greenwich Village-B (1/1) | 753ft2 | Call for Price† |
| Dessau-B (2/2) | 854ft2 | Call for Price† |
| Montmarte-C (2/1) | 896ft2 | Call for Price† |
| Brooklyn-B (2/1) | 900ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $21,550 / year | $24,600 / year | $27,700 / year | $30,750 / year |
| 50% AMI for LIHTC Units | $35,900 / year | $41,000 / year | $46,150 / year | $51,250 / year |
| 50% AMI for PBRA Units | $35,900 / year | $41,000 / year | $46,150 / year | $51,250 / year |
| 60% AMI for LIHTC Units | $43,080 / year | $49,200 / year | $55,380 / year | $61,500 / year |
| 80% AMI for PBRA Units | $57,400 / year | $65,600 / year | $73,800 / year | $82,000 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does CP Lofts have a waiting list?
CP Lofts 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 CP Lofts?
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 CP Lofts?
CP Lofts is managed by Seldin Company headquartered in Omaha , Nebraska.
In addition to CP Lofts, how many other affordable housing properties (and units) are there in Kansas City?
In addition to CP Lofts, we list 323 other affordable properties in Kansas City. Learn about these properties here. Our data research shows that there are a total of 16952 affordable units in Kansas City.
When was the CP Lofts listing last updated?
CP Lofts listing on Affordable Housing Online was last updated on 07/26/2022 by Rachel Overby. Remember, a property's status can change so you should contact the property to confirm.
Know your rights as a Section 8 tenant.
In many areas, private landlords with an available unit can refuse interested tenants who have a Section 8 voucher. Check your local laws.Judea I. Lawton says:
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