40 Gerber Road, Asheville, NC 28803
Waiting List Forecast: Likely Short or None
Verified for 2023 by Jill Matthews, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 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.
Reimagine senior living at Givens Gerber Park, a vibrant, affordable community located in convenient South Asheville. The community will offer one and two bedroom rental apartments to seniors 55 and older. Amenities will include a café, fitness center, elevators, library/computer room, medical clinic, community rooms, beauty shop and screened porch. Residents will enjoy activities and services designed to help them remain healthy, engaged, and active. Rent will be determined by the household's income with broader income ranges than typically found in traditional affordable housing.
Because Givens Gerber Park I 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 |
|---|---|---|
| 1 Bedroom (1/1) | 689ft2 | Rent is Based On Your Income† |
| 2 Bedroom (2/1) | - | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $17,850 / year | $20,400 / year | $24,860 / year | $30,000 / year |
| 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 |
| 80% AMI for PBRA Units | $47,600 / year | $54,400 / year | $61,200 / year | $68,000 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Givens Gerber Park I have a waiting list?
Givens Gerber Park 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 Givens Gerber Park 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 Givens Gerber Park I?
Givens Gerber Park I is managed by Community Housing Partners headquartered in Christiansburg, Virginia.
In addition to Givens Gerber Park I, how many other affordable housing properties (and units) are there in Asheville?
In addition to Givens Gerber Park I, 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 Givens Gerber Park I listing last updated?
Givens Gerber Park I listing on Affordable Housing Online was last updated on 01/01/2023 by Jill Matthews. Remember, a property's status can change so you should contact the property to confirm.
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