First Ward Place

550 East 8th Avenue, Charlotte, NC 28202

Waiting List Forecast: Likely Short or None

check_circleVerified for 2018 by Connor Bailey, Ben D. Layfield, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 5 Beds	1 - 2.5 Baths	725 - 1,417 Sq Ft

Call (704) 333-4494

Waitlist Forecast

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.

First Ward Place is an affordable, multiphase, community that offers one, two, three, four, and five bedroom units

Dave's Thoughts On First Ward Place

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 First Ward Place 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.

~ Dave Layfield, Founder of Affordable Housing Online

First Ward Place Amenities

Fitness Center
Playground
Business Center
Pool
Central Air
Dishwasher
Garbage Disposal
Walk-in Closet(s)
Oven and Range
Grilling Area
Laundry Facility
Private Patio and Balcony
Full-Size Washer & Dryer Connections

Units at First Ward Place

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	725ft²	Call for Price^†
Two Bedroom (2/2)	995ft²	Call for Price^†
Three Bedroom (3/2.5)	1315ft²	Call for Price^†
Four Bedroom (4/2)	1417ft²	Call for Price^†
Five Bedroom (5/2)	1388ft²	Call for Price^†

Income Qualification for First Ward Place

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
30% AMI for PBRA Units	$20,950 / year	$23,950 / year	$26,950 / year	$30,000 / year	$35,140 / year	$40,280 / year	$45,420 / year	$50,560 / year
50% AMI for LIHTC Units	$34,900 / year	$39,900 / year	$44,900 / year	$49,850 / year	$53,850 / year	$57,850 / year	$61,850 / year	$65,850 / year
50% AMI for PBRA Units	$34,900 / year	$39,900 / year	$44,900 / year	$49,850 / year	$53,850 / year	$57,850 / year	$61,850 / year	$65,850 / year
60% AMI for LIHTC Units	$41,880 / year	$47,880 / year	$53,880 / year	$59,820 / year	$64,620 / year	$69,420 / year	$74,220 / year	$79,020 / year
80% AMI for PBRA Units	$55,850 / year	$63,800 / year	$71,800 / year	$79,750 / year	$86,150 / year	$92,550 / year	$98,900 / year	$105,300 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for First Ward Place

Does First Ward Place have a waiting list?

First Ward Place 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 First Ward Place?

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 First Ward Place?

First Ward Place is managed by INLIVIAN headquartered in Charlotte, North Carolina.

In addition to First Ward Place, how many other affordable housing properties (and units) are there in Charlotte?

In addition to First Ward Place, we list 459 other affordable properties in Charlotte. Learn about these properties here. Our data research shows that there are a total of 14677 affordable units in Charlotte.