Shepard Apartments I

2801 Dr Martin Luther King Dr, St Louis, MO 63106

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Colleen Carter

Rent	Beds	Baths	SqFt
Call for Rents^†	Floorplan Info Upon Request	-	-

Call (314) 535-8976 Email

Waitlist Forecast

Since this property is a HOME program 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.

Dave's Thoughts On Shepard Apartments I

Because Shepard Apartments I participates in HUD's HOME program for rental housing, at least some of the units in this property are set aside for households at or below 60% of the AMI and rents are capped at the local FMR and in many cases much lower. For a project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME program. Since this property participates in the HOME program, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Shepard Apartments I

*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	$21,150 / year	$24,150 / year	$27,150 / year	$30,150 / year	$35,140 / year	$40,280 / year	$45,420 / year	$50,560 / year
50% AMI for LIHTC Units	$35,200 / year	$40,200 / year	$45,250 / year	$50,250 / year	$54,300 / year	$58,300 / year	$62,350 / year	$66,350 / year
50% AMI for PBRA Units	$35,200 / year	$40,200 / year	$45,250 / year	$50,250 / year	$54,300 / year	$58,300 / year	$62,350 / year	$66,350 / year
80% AMI for PBRA Units	$56,250 / year	$64,300 / year	$72,350 / year	$80,350 / year	$86,800 / year	$93,250 / year	$99,650 / year	$106,100 / year

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

FAQs for Shepard Apartments I

Does Shepard Apartments I have a waiting list?

Shepard Apartments I 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 Shepard Apartments I?

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 Shepard Apartments I?

Shepard Apartments I is managed by Fulson Asset Management/ Fulson Housing Group headquartered in Lee's Summit, MO.

In addition to Shepard Apartments I, how many other affordable housing properties (and units) are there in St Louis?

In addition to Shepard Apartments I, we list 400 other affordable properties in St Louis. Learn about these properties here. Our data research shows that there are a total of 19870 affordable units in St Louis.