4200 Forbes Rd, Gastonia, NC 28054
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $528 - 633 per Month† | 1 - 2 Beds | 1 Bath | 633 - 671 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.
Boasting first class service, Forbes Manor hosts a professional on-site management team dedicated to meeting your every need. Because they are designed for residents 55 and over, they offer a huge recreation room, arts and craft center, and a place for lounging with family or friends. All of this is just steps away from your one or two bedroom garden-style apartment home. Each home boasts fully equipped kitchens, exceptional closet space, large bathrooms, and unique, open floor plans. Their "please join us" policy encourages and welcomes family, friends, and healthcare providers to visit at any time, or to attend scheduled events. Forbes Manor is ideally located, with easy access to all of life's indulgences outside their community. Monthly planned activities, a walking trail, and relaxing gazebo are all wrapped in a tranquil setting. Come see how Forbes Manor is redefining adult 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 Forbes Manor 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 |
|---|---|---|
| The Burlington (1/1) | 671ft2 | $528† |
| The Nottingham (2/1) | 633ft2 | $633† |
| The Nottingham (2/1) | 633ft2 | $633† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $34,900 / year | $39,900 / year | $44,900 / year | $49,850 / year |
| 50% AMI for PBRA Units | $34,900 / year | $39,900 / year | $44,900 / year | $49,850 / year |
| 60% AMI for LIHTC Units | $41,880 / year | $47,880 / year | $53,880 / year | $59,820 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Forbes Manor have a waiting list?
Forbes Manor 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 Forbes Manor?
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 Forbes Manor?
Forbes Manor is managed by Pivotal (formally MVAH Partners) headquartered in West Chester, OH.
In addition to Forbes Manor, how many other affordable housing properties (and units) are there in Gastonia?
In addition to Forbes Manor, we list 47 other affordable properties in Gastonia. Learn about these properties here. Our data research shows that there are a total of 1696 affordable units in Gastonia.
When was the Forbes Manor listing last updated?
Forbes Manor listing on Affordable Housing Online was last updated on 03/31/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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