Villard Terrace

22 4th Ave E, Dickinson, ND 58601

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2022 by Bobby Kiefert

Rent	Beds	Baths	SqFt
Call for Rents^†	1 Bed	1 Bath	594 Sq Ft

Call (701) 483-1474 Email

Waitlist Forecast

Since this property is a USDA 515 and LIHTC property that might have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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 Villard Terrace we provide an affordable lifestyle that agrees with even the most discriminating of tastes. Spacious, bright rooms, unique floor plans and congregate amenities provide you with all the extras that you deserve. Convenient downtown location gives easy access to local businesses. We try and provide the best management service available to make your stay with us an enjoyable one at Villard Terrace.

Dave's Thoughts On Villard Terrace

Because it participates in the USDA Section 515 Rural Rental Housing program, Villard Terrace is likely located in a rural community and may be one of only a few rental housing choices in the area. To qualify for residency in a Section 515 property, you must earn 80% or less of Area Median Income (AMI). However, this property also participates in the LIHTC program. 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 also participates in USDA's Section 521 Rental Assistance program, residents who earn 50% of the AMI or less may qualify for a subsidy that limits your rent payment to 30% of your income. The Section 521 subsidy may be attached to all or just some of the units. Since this property has benefited from the LIHTC program, it is likely to be in better condition and offer more amenities than other Section 515 properties. These properties are almost always owned and managed by private/corporate owners or nonprofits. If you live in a rural area and need help paying your rent, this property may be good for you.

~ Dave Layfield, Founder of Affordable Housing Online

Villard Terrace Amenities

Elevator
Community Room
Organized Activities
24hr Emergency Maintenance
Off-Street Parking
Air Conditioning
Emergency Pull Cord
Refrigerator
Water Trash and Sewer Included
Heat and Hot Water Included
Experienced Management
Peaceful Community
Secured Entry
Near Shopping
Bathroom Grab Bars
Sprinkler
Snow Removal
Blinds
Month to Month Leases available upon Renewal
Stove
Coin-Operated Laundry
Programmable Thermostats
Barber Shop and Beauty Salon

Units at Villard Terrace

Unit (Bd/Ba)	Ft²	Rent
1 BR (1/1)	594ft²	Rent is Based On Your Income^†

Income Qualification for Villard Terrace

*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	5 people	6 people	7 people	8 people
50% AMI for LIHTC Units	$38,400 / year	$43,850 / year	$49,350 / year	$54,800 / year	$59,200 / year	$63,600 / year	$68,000 / year	$72,350 / year
50% AMI for PBRA Units	$38,400 / year	$43,850 / year	$49,350 / year	$54,800 / year	$59,200 / year	$63,600 / year	$68,000 / year	$72,350 / year
60% AMI for LIHTC Units	$46,080 / year	$52,620 / year	$59,220 / year	$65,760 / year	$71,040 / year	$76,320 / year	$81,600 / year	$86,820 / year

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

FAQs for Villard Terrace

Does Villard Terrace have a waiting list?

Villard Terrace probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Villard Terrace?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

What property management company manges Villard Terrace?

Villard Terrace is managed by MetroPlains Management, LLC headquartered in Devils Lake, North Dakota.

In addition to Villard Terrace, how many other affordable housing properties (and units) are there in Dickinson?

In addition to Villard Terrace, we list 24 other affordable properties in Dickinson. Learn about these properties here. Our data research shows that there are a total of 724 affordable units in Dickinson.