Tooley Place

603 Hull Dr, Elizabeth City, NC 27909

Waiting List Forecast: Likely Short or None

check_circleVerified for 2021 by Joshua Cappell

Rent	Beds	Baths	SqFt
$454 - 565 per Month^†	1 - 2 Beds	1 Bath	705 - 925 Sq Ft

Call (252) 331-9378

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.

Tooley Place is a senior community located in Elizabeth City, North Carolina that serves residents 55 and older or age 45+ and disabled. Their community is tobacco-free and offers the opportunity to stay active and social with a laundry facility, computer room, exercise room, and more. Each of our 1 and 2-bedroom apartments include energy efficient electric appliances and washer/dryer hookups. They are conveniently located 1 minute from Food Lion, Southgate Mall, and USPS, 2 minutes from Walgreens and Lowe’s, 4 minutes from PW Moore Elementary and Pasquotank River, and 10 minutes from Walmart.

Dave's Thoughts On Tooley 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 Tooley 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. 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

Units at Tooley Place

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	705ft²	$454 $485^†
2 Bedroom (2/1)	925ft²	$525 $565^†

Income Qualification for Tooley 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
50% AMI for LIHTC Units	$29,800 / year	$34,050 / year	$38,300 / year	$42,550 / year
50% AMI for PBRA Units	$29,800 / year	$34,050 / year	$38,300 / year	$42,550 / year
60% AMI for LIHTC Units	$35,760 / year	$40,860 / year	$45,960 / year	$51,060 / year

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

FAQs for Tooley Place

Does Tooley Place have a waiting list?

Tooley 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 Tooley 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 Tooley Place?

Tooley Place is managed by Woda Cooper Companies, Inc. headquartered in Columbus, OH.

In addition to Tooley Place, how many other affordable housing properties (and units) are there in Elizabeth City?

In addition to Tooley Place, we list 18 other affordable properties in Elizabeth City. Learn about these properties here. Our data research shows that there are a total of 1055 affordable units in Elizabeth City.