301 Commodore St, Clayton, NC 27520
Waiting List Forecast: Likely Short or None
Verified for 2024 by Andrianna Gardner, Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,050 - 1,150 per Month† | 2 - 3 Beds | 1 - 2 Baths | 800 - 1,116 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.
Minutes from Clayton Shopping Center and numerous dining options Cobbler’s Station is nestled in a tree-lined community close to everything. US-70 and I-40 are conveniently close without the nuisance of noise and excessive traffic. With 2- and 3-bedroom floor plans expertly designed to fit your needs you will find exactly what you are looking for at Cobbler’s Station. Come see Clayton, North Carolina’s best-kept secret in affordable living.
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 Cobblers Station Apartments 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) | 800ft2 | $1,050† |
| Three Bedroom (3/2) | 1116ft2 | $1,150† |
| AMI* | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $45,350 / year | $51,000 / year | $56,650 / year | $61,200 / year | $65,750 / year |
| 50% AMI for PBRA Units | $45,350 / year | $51,000 / year | $56,650 / year | $61,200 / year | $65,750 / year |
| 60% AMI for LIHTC Units | $54,420 / year | $61,200 / year | $67,980 / year | $73,440 / year | $78,900 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cobblers Station Apartments have a waiting list?
Cobblers Station 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 Cobblers Station 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 Cobblers Station Apartments?
Cobblers Station Apartments is managed by The Michaels Organization headquartered in Camden, NJ.
In addition to Cobblers Station Apartments, how many other affordable housing properties (and units) are there in Clayton?
In addition to Cobblers Station Apartments, we list 123 other affordable properties in Clayton. Learn about these properties here. Our data research shows that there are a total of 334 affordable units in Clayton.
When was the Cobblers Station Apartments listing last updated?
Cobblers Station Apartments listing on Affordable Housing Online was last updated on 01/18/2024 by Andrianna Gardner. Remember, a property's status can change so you should contact the property to confirm.
600 N Oneil St, Clayton, North Carolina 27520
Only submit truthful information.
Submitting false information can disqualify the household from assistance, and may land the applicant in legal trouble.Kimberly Leighton says:
"I rely on Affordable Housing Online to keep me aware of housing opportunities that I would otherwise have no clue exist."