503 N. Queen St, Kinston, NC 28501
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $333 - 487 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.
Kinston Hotel Apartments offers affordable 1 & 2 bedroom apartments. This senior-living community offers residents many amenities, including central air, modern kitchen appliances (stove, refrigerator & dishwasher) and a technology center. Our location in Kinston is close to shopping venues and just minutes from restaurants, financial institutions and the Neuse River.
RENT RESTRICTIONS
These apartments have restrictions on age and income. The maximum income is $23,940 for a family of two. Residents must be a least 55 years old. If you have questions on whether you qualify, please contact us for more information.
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 Kingston Hotel 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) | - | $333 $397† |
| Two Bedroom (2/1) | - | $408 $487† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $24,250 / year | $27,700 / year | $31,150 / year | $34,600 / year |
| 50% AMI for PBRA Units | $24,250 / year | $27,700 / year | $31,150 / year | $34,600 / year |
| 60% AMI for LIHTC Units | $29,100 / year | $33,240 / year | $37,380 / year | $41,520 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Kingston Hotel have a waiting list?
Kingston Hotel 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 Kingston Hotel?
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 Kingston Hotel?
Kingston Hotel is managed by Landmark Properties, CW LLC headquartered in Yakima, Washington.
In addition to Kingston Hotel, how many other affordable housing properties (and units) are there in Kinston?
In addition to Kingston Hotel, we list 22 other affordable properties in Kinston. Learn about these properties here. Our data research shows that there are a total of 1245 affordable units in Kinston.
When was the Kingston Hotel listing last updated?
Kingston Hotel listing on Affordable Housing Online was last updated on 01/03/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
More people usually means more waiting lists.
Areas with the highest populations tend to have the most amount of waiting list opportunities.Jacqueline Armstrong Sanders says:
"Affordable Housing Online is a great website to search for affordable housing nationwide."