Park Place

4399 Forest Park Ave, St Louis, Missouri 63108

Park Place Apartments is a Section 8, affordable property for adults who are 62 and/or certified disabled. We are located directly across from Barnes-Jewish Hospital and one mile from Forest Park. Our amenities include a community room and sitting areas, gated parking, on-site laundry, and a small library. Each of our one-bedroom apartments is 497 square feet.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 497 $679

Park Place Details

  • 242 one bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Community Room
  • Laundry Room
  • Off-Street Parking

Unit Amenities

  • Air Conditioning
  • Garbage Disposal
  • Cable Ready
  • Window Coverings
  • Carpet
  • Refrigerator

Nearby Amenities

  • Close to Public Transportation
  • Close to Shopping
  • Near Hospital

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

St Louis HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in St Louis but actual income limits may differ for units at Park Place.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $19,950 $22,800 $25,650 $28,450 $32,470 $37,190 $41,910 $46,630
50% $33,250 $38,000 $42,750 $47,450 $51,250 $55,050 $58,850 $62,650
80% $53,150 $60,750 $68,350 $75,900 $82,000 $88,050 $94,150 $100,200

St Louis Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in St Louis but actual income limits may differ for units at Park Place.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $33,250 $38,000 $42,750 $47,450 $51,250 $55,050 $58,850 $62,650
Low Income (60%) $39,900 $45,600 $51,300 $56,940 $61,500 $66,060 $70,620 $75,180

Park Place is managed by Related Companies.

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