3559 Reading Road, Cincinnati, OH 45229
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $750 - 975 per Month† | 1 - 2 Beds | 1 Bath | 634 - 849 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.
For individuals who desire modern, mixed-income living options in the Avondale neighborhood of Cincinnati, Ohio. With the University of Cincinnati and Medical Center, Xavier University, Shriners Hospital and Cincinnati Children’s Medical Center located just minutes away, Residences at Avondale Town Center offers accessibility to Cincinnati’s finest medicals facilities and universities. With on-site retail just steps from your door, you can walk to many of your shopping, dining and service needs! As a LEED Silver Certified community, our one and two-bedroom apartment homes provide energy efficient living spaces and offer access to amenities (lounges, fitness centers) not found anywhere else in Avondale!
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 Residences at Avondale Town Center 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) | 634ft2 | $750† |
| Two Bedroom (2/1) | 849ft2 | $975† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $35,400 / year | $40,450 / year | $45,500 / year | $50,550 / year |
| 50% AMI for PBRA Units | $35,400 / year | $40,450 / year | $45,500 / year | $50,550 / year |
| 60% AMI for LIHTC Units | $42,480 / year | $48,540 / year | $54,600 / year | $60,660 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Residences at Avondale Town Center have a waiting list?
Residences at Avondale Town Center 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 Residences at Avondale Town Center?
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 Residences at Avondale Town Center?
Residences at Avondale Town Center is managed by The Community Builders, Inc. headquartered in Boston
In addition to Residences at Avondale Town Center, how many other affordable housing properties (and units) are there in Cincinnati?
In addition to Residences at Avondale Town Center, we list 289 other affordable properties in Cincinnati. Learn about these properties here. Our data research shows that there are a total of 21040 affordable units in Cincinnati.
When was the Residences at Avondale Town Center listing last updated?
Residences at Avondale Town Center listing on Affordable Housing Online was last updated on 01/01/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
861 Beecher St., Cincinnati, Ohio 45206
400 W 9th St, Cincinnati, Ohio 45203
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Takesha Powell says:
"Affordable Housing Online is a great resource that provides a lot of helpful links to get low-income and affordable housing."
