1224 Walnut Street, Grand Forks, ND 58201
Waiting List Forecast: Likely Short or None
Verified for 2022 by Bobby Kiefert| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 - 2 Baths | 555 - 1,005 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.
Alcott Manor originally began its service to the Grand Forks community as South Junior High School. The building was designed and built in 1931. The building is an important landmark for the community and continues to be one of the most distinguished examples of depression-era architecture in Grand Forks. We also carry a unique market rate lofts and heated parking. We want to ensure that your stay with us is going to be an enjoyable one. Alcott Manor is affordable housing - income restrictions do apply.
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 Alcott Manor Apartments 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 |
|---|---|---|
| 1 BR (1/1) | 555ft2 | Rent is Based On Your Income† |
| 1 BR (1/1) | 675ft2 | Rent is Based On Your Income† |
| 2 BR (2/2) | 1005ft2 | Rent is Based On Your Income† |
| 2 BR (2/2) | 737ft2 | Rent is Based On Your Income† |
| 2 BR (2/2) | 913ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $33,500 / year | $38,300 / year | $43,100 / year | $47,850 / year |
| 50% AMI for PBRA Units | $33,500 / year | $38,300 / year | $43,100 / year | $47,850 / year |
| 60% AMI for LIHTC Units | $40,200 / year | $45,960 / year | $51,720 / year | $57,420 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Alcott Manor Apartments have a waiting list?
Alcott Manor Apartments 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 Alcott Manor Apartments?
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 Alcott Manor Apartments?
Alcott Manor Apartments is managed by MetroPlains Management, LLC headquartered in Devils Lake, North Dakota.
In addition to Alcott Manor Apartments, how many other affordable housing properties (and units) are there in Grand Forks?
In addition to Alcott Manor Apartments, we list 40 other affordable properties in Grand Forks. Learn about these properties here. Our data research shows that there are a total of 1159 affordable units in Grand Forks.
When was the Alcott Manor Apartments listing last updated?
Alcott Manor Apartments listing on Affordable Housing Online was last updated on 08/31/2022 by Bobby Kiefert. Remember, a property's status can change so you should contact the property to confirm.
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