1866 20th Ave Dr Northeast, Hickory, NC 28601
Waiting List Forecast: Likely Short or None
Verified for 2019 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $472 - 629 per Month† | 1 - 2 Beds | 1 Bath | - |
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.
At Villas at Twin Cedars, we invite you to live life on your own terms. Its choice location is situated perfectly between the pleasures of tranquil country living yet only minutes away to major thoroughfares for easy access to life outside your home. With first-rate design and great amenities such as huge closets, and private entries, Villas at Twin Cedars is the neighborhood of choice in Hickory. A professional staff and excellent maintenance service boasts exceptional living at comfortable rents. The maintenance free approach makes everyday living even better. Villas at Twin Cedars is redefining the idea of senior 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 Villas at Twin Cedars 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 |
|---|---|---|
| One Bedroom (1/1) | - | $472 $531† |
| Two Bedroom (2/1) | - | $557 $629† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $25,000 / year | $28,550 / year | $32,100 / year | $35,650 / year |
| 50% AMI for PBRA Units | $25,000 / year | $28,550 / year | $32,100 / year | $35,650 / year |
| 60% AMI for LIHTC Units | $30,000 / year | $34,260 / year | $38,520 / year | $42,780 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Villas at Twin Cedars have a waiting list?
Villas at Twin Cedars 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 Twin Cedars?
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 Twin Cedars?
Villas at Twin Cedars is managed by Pivotal (formally MVAH Partners) headquartered in West Chester, OH.
In addition to Villas at Twin Cedars, how many other affordable housing properties (and units) are there in Hickory?
In addition to Villas at Twin Cedars, we list 17 other affordable properties in Hickory. Learn about these properties here. Our data research shows that there are a total of 1086 affordable units in Hickory.
Do you have little or no income?
You can qualify for most rental assistance programs, including Section 8 and Public Housing, even if you have little or no income.Jacqueline Armstrong Sanders says:
"Affordable Housing Online is a great website to search for affordable housing nationwide."