Lakewood Village

4200 McKenzie Drive SE, Mandan, ND 58554

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	2 - 3 Beds	1 - 2 Baths	916 - 1,121 Sq Ft

Call (701) 751-9951

Waitlist Forecast

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.

Lakewood Village offers beautiful apartments at an affordable rent for its single story design and spacious 2 and 3 bedroom apartments close to a walking path and fitness center. There is a playground and basketball area onsite. All units are single level units with no steps and are equipped with furnace, water heater, wash/dryer hookups and central air. We want to ensure that your stay with us is an enjoyable one. Contact us today, we look forward to hearing from you!

Dave's Thoughts On Lakewood Village

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 Lakewood Village 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

Lakewood Village Amenities

Playground
Garage
Off-Street Parking
Central Air
Dishwasher
Garbage Disposal
Private Entrance
Laundry Hookups
Landscaping

Units at Lakewood Village

Unit (Bd/Ba)	Ft²	Rent
2 BR (2/1)	916ft²	Rent is Based On Your Income^†
3 BR (3/2)	1121ft²	Rent is Based On Your Income^†

Income Qualification for Lakewood Village

*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
50% AMI for LIHTC Units	$38,050 / year	$43,450 / year	$48,900 / year	$54,300 / year	$58,650 / year	$63,000 / year
50% AMI for PBRA Units	$38,050 / year	$43,450 / year	$48,900 / year	$54,300 / year	$58,650 / year	$63,000 / year
60% AMI for LIHTC Units	$45,660 / year	$52,140 / year	$58,680 / year	$65,160 / year	$70,380 / year	$75,600 / year

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

FAQs for Lakewood Village

Does Lakewood Village have a waiting list?

Lakewood Village 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 Lakewood Village?

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 Lakewood Village?

Lakewood Village is managed by Apartmentsmart Generic headquartered in Salisbury, Maryland.

In addition to Lakewood Village, how many other affordable housing properties (and units) are there in Mandan?

In addition to Lakewood Village, we list 8 other affordable properties in Mandan. Learn about these properties here. Our data research shows that there are a total of 144 affordable units in Mandan.