4485 Pennwood Ave, Las Vegas, NV 89102
Waiting List Forecast: Likely Short or None
Verified for 2020 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $861 - 1,094 per Month† | 1 - 4 Beds | 1 - 2 Baths | 1 - 807 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.
Comfort at Your Doorstep
Nestled in a residential neighborhood of Las Vegas, Nevada, Woodcreek Apartments puts comfort and convenience at your doorstep. Our affordable community offers 1, 2, 3 and 4 bedroom apartment homes complete with central air conditioning, a dishwasher and spacious walk-in closets. Plus features that make you feel right at home like a breakfast bar, fireplace, and your own private patio or balcony. Step out for some fun at our barbecue areas and playground or take the day to relax and swim in one of our refreshing pools. And with its convenient location within walking distance of schools and public transit, and a 10 minute drive to major business centers and shopping, Woodcreek is right where you want to be. Woodcreek is pleased to offer affordable living options (income restrictions apply).
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 Woodcreek Apartments 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom One Bath A1 (1/1) | 674ft2 | Call for Price† |
| Two Bedroom One in a half Bath B2 (2/1.5) | 1ft2 | Call for Price† |
| Two Bedroom One Bath B1 (2/1) | 807ft2 | $861† |
| Three Bedroom Two Bath C1 (3/2) | 1ft2 | $988† |
| Four Bedroom Two Bath D1 (4/2) | 1ft2 | $1,094† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $30,350 / year | $34,650 / year | $39,000 / year | $43,300 / year | $46,800 / year | $50,250 / year | $53,700 / year | $57,200 / year |
| 50% AMI for PBRA Units | $30,350 / year | $34,650 / year | $39,000 / year | $43,300 / year | $46,800 / year | $50,250 / year | $53,700 / year | $57,200 / year |
| 60% AMI for LIHTC Units | $36,420 / year | $41,580 / year | $46,800 / year | $51,960 / year | $56,160 / year | $60,300 / year | $64,440 / year | $68,640 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Woodcreek Apartments have a waiting list?
Woodcreek Apartments 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 Woodcreek Apartments?
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 Woodcreek Apartments?
Woodcreek Apartments is managed by Fairfield Residential headquartered in San Diego, CA.
In addition to Woodcreek Apartments, how many other affordable housing properties (and units) are there in Las Vegas?
In addition to Woodcreek Apartments, we list 142 other affordable properties in Las Vegas. Learn about these properties here. Our data research shows that there are a total of 16667 affordable units in Las Vegas.
Check your waiting list status occasionally.
If you request it, housing agencies are required to confirm if you are still on a waiting list, and some may also state your current position.Judea I. Lawton says:
"Affordable Housing Online is a great resource for those needing housing."