524 S. E 2nd St, Lee's Summit, MO 64063
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2020 by Connor Bailey, Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1.5 Bath | 900 - 970 Sq Ft |
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.
Welcome home to Ashbrooke Apartments, located in Lee's Summit, Missouri!
Stop by Ashbrooke Apartments today to find the perfect place to call home! Ashbrooke Apartments is a proud member of the Yarco family of apartment communities. Yarco takes pride in offering the highest quality of service to their customers in both their affordable and conventional apartment communities. They offer comfortable two and three bedroom townhome apartments, along with many amenities including a children's playground, off-street parking, and so much more!
If you want to get out and about, you'll find great dining, shopping, and entertainment options very close by, such as Summit Springs Shopping Center, 54th Street Grill and Bar, Starbucks, as well as all the shops and restaurants in downtown Kansas City. Ashbrooke Apartments is also located near several of the area's top schools and employers, including Lee's Summit Elementary, Lee's Summit High School, Hy-Vee, and Lee's Summit Medical Center. With excellent access to major roads such as I-470 and Highway 50, you can be anywhere in the area in just minutes. Apartment living has never been so convenient!
Ashbrooke Apartments is an affordable, income-restricted community. Only medically necessary pets allowed. Call or visit them today!
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 Ashbrooke Apartments 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom One half Bath (2/1.5) | 900ft2 | Rent is Based On Your Income† |
| Three Bedroom One half Bath (3/1.5) | 970ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $21,550 / year | $24,600 / year | $27,700 / year | $30,750 / year | $35,140 / year | $40,280 / year |
| 50% AMI for LIHTC Units | $35,900 / year | $41,000 / year | $46,150 / year | $51,250 / year | $55,350 / year | $59,450 / year |
| 50% AMI for PBRA Units | $35,900 / year | $41,000 / year | $46,150 / year | $51,250 / year | $55,350 / year | $59,450 / year |
| 60% AMI for LIHTC Units | $43,080 / year | $49,200 / year | $55,380 / year | $61,500 / year | $66,420 / year | $71,340 / year |
| 80% AMI for PBRA Units | $57,400 / year | $65,600 / year | $73,800 / year | $82,000 / year | $88,600 / year | $95,150 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Ashbrooke Apartments have a waiting list?
Ashbrooke Apartments 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 Ashbrooke Apartments?
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 Ashbrooke Apartments?
Ashbrooke Apartments is managed by Yarco Companies headquartered in kansas city, mo.
In addition to Ashbrooke Apartments, how many other affordable housing properties (and units) are there in Lee's Summit?
In addition to Ashbrooke Apartments, we list 9 other affordable properties in Lee's Summit. Learn about these properties here. Our data research shows that there are a total of 507 affordable units in Lee's Summit.
600 NE Howard Ave, Lee's Summit, Missouri 64063
310 NW Murray Rd, Lee's Summit, Missouri 64081
1401 SE 8th St, Lee's Summit, Missouri 64063
1405 SE 8th St, Lee's Summit, Missouri 64063
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Submitting false information can disqualify the household from assistance, and may land the applicant in legal trouble.Gordon Gross says:
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