3100 9th St, Niagara Falls, NY 14305
Waiting List Forecast: Likely Short or None
Verified for 2024 by Lorena Bentley, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,167 - 1,471 per Month† | 2 - 4 Beds | 1 - 1.5 Bath | - |
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.
Cornerstone Townhomes, nestled in the heart of Niagara Falls, offer 2-bedroom, 3-bedroom, and 4-bedroom townhomes. Each unit features a spacious and stylish living space, complete with a fully equipped kitchen, wood plank flooring, and carpeted bedrooms. The property provides access to a community center that includes a computer center, meeting room, laundry suites, and a rentable community room with kitchen. Other community amenities include 2 playgrounds, on-site parking, and 24-hour on-call maintenance.
Cornerstone Townhomes is ideally located near Highland Avenue and 9th Street, allowing residents within reach of popular shopping and entertainment destinations including Fashion Outlets of Niagara Falls, the Aquarium of Niagara, and Niagara Aerospace Museum, while the city’s quaint downtown is within a comfortable ride.
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 Cornerstone Village Townhomes 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. 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. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/1) | - | $1,167† |
| Three Bedroom (3/1.5) | - | $1,336† |
| Four Bedroom (4/1.5) | - | $1,471† |
| AMI* | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $37,150 / year | $41,800 / year | $46,400 / year | $50,150 / year | $53,850 / year | $57,550 / year | $61,250 / year |
| 50% AMI for PBRA Units | $37,150 / year | $41,800 / year | $46,400 / year | $50,150 / year | $53,850 / year | $57,550 / year | $61,250 / year |
| 60% AMI for LIHTC Units | $44,580 / year | $50,160 / year | $55,680 / year | $60,180 / year | $64,620 / year | $69,060 / year | $73,500 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cornerstone Village Townhomes have a waiting list?
Cornerstone Village Townhomes 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 Cornerstone Village Townhomes?
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 Cornerstone Village Townhomes?
Cornerstone Village Townhomes is managed by Beacon Communities LLC headquartered in Boston, MA.
In addition to Cornerstone Village Townhomes, how many other affordable housing properties (and units) are there in Niagara Falls?
In addition to Cornerstone Village Townhomes, we list 44 other affordable properties in Niagara Falls. Learn about these properties here. Our data research shows that there are a total of 2292 affordable units in Niagara Falls.
When was the Cornerstone Village Townhomes listing last updated?
Cornerstone Village Townhomes listing on Affordable Housing Online was last updated on 04/25/2024 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
Report unemployment income to your housing agency.
All employment income is required to be reported for federal housing assistance - including unemployment income.Celeste Law says:
"Affordable Housing Online is a great source of information, and is very helpful in answering questions about Section 8 and Public Housing."