547 Eliada Home Rd, Asheville, NC 28806
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $495 - 593 per Month† | 1 - 2 Beds | 1 Bath | 600 - 800 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.
Compton Place Apartments offer 1-bedroom and 2-bedroom apartments for persons 55 and older who want to live in a quiet country setting. Each unit includes central heat & air, appliances,ceiling fans, window treatments, and abundant storage space. Property amenities include a library/computer room, exercise room, laundry facilities, and weekly resident activities.
Because Compton Place Apartments participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME 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 and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 600ft2 | $495 $505† |
| Two Bedroom (2/1) | 800ft2 | $583 $593† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $29,750 / year | $34,000 / year | $38,250 / year | $42,500 / year |
| 50% AMI for PBRA Units | $29,750 / year | $34,000 / year | $38,250 / year | $42,500 / year |
| 60% AMI for LIHTC Units | $35,700 / year | $40,800 / year | $45,900 / year | $51,000 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Compton Place Apartments have a waiting list?
Compton Place 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 Compton Place 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 Compton Place Apartments?
Compton Place Apartments is managed by Partnership Property Management headquartered in Greensboro, North Carolina.
In addition to Compton Place Apartments, how many other affordable housing properties (and units) are there in Asheville?
In addition to Compton Place Apartments, we list 56 other affordable properties in Asheville. Learn about these properties here. Our data research shows that there are a total of 4325 affordable units in Asheville.
When was the Compton Place Apartments listing last updated?
Compton Place Apartments listing on Affordable Housing Online was last updated on 07/20/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
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