15 Fallen Spruce Dr, Asheville, NC 28806
Waiting List Forecast: Likely Short or None
Verified for 2023 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $244 - 660 per Month† | 1 - 2 Beds | 1 Bath | 792 - 1,092 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.
The beautiful Villas at Fallen Spruce is a brand new community slated to open in the fall of 2015. They offer affordable living in one and two bedroom apartments for individuals at least 55 years of age or 45 years of age and disabled. Their homes are equipped with energy efficient appliances and windows to help keep your costs down. Their apartments feature central heat & air, deluxe cabinetry and counter-tops, safety features and much more.
Their property amenities include a community room, laundry facilities, computer center, exercise room, picnic areas, and a library. They are conveniently located close to schools, shopping, and restaurants. Please call their friendly staff at 828-774-5998-to find out about the application process.
Because Villas at Fallen Spruce 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) | 792ft2 | $244 $556† |
| 2 Bedroom (2/1) | 1092ft2 | $285 $660† |
| 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 Villas at Fallen Spruce have a waiting list?
Villas at Fallen Spruce 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 Villas at Fallen Spruce?
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 Villas at Fallen Spruce?
Villas at Fallen Spruce is managed by Partnership Property Management headquartered in Greensboro, North Carolina.
In addition to Villas at Fallen Spruce, how many other affordable housing properties (and units) are there in Asheville?
In addition to Villas at Fallen Spruce, we list 105 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 Villas at Fallen Spruce listing last updated?
Villas at Fallen Spruce listing on Affordable Housing Online was last updated on 01/02/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.
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