3648 Rocky River Drive, Cleveland, OH 44111
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 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.
Located in the heart of the Kamm’s Corners and within walking distance of shopping, dining, and banking, Bordering Fairview Park to the west and Lakewood to the north, this 176 unit complex consists of two five story buildings and a Franciscan Monastery that was converted to apartments in the 1970’s. The historic architecture and features of the Monastery as well as the serene, wooded area at the rear of the complex make Franciscan Village a truly unique and peaceful place to live.
Franciscan Village provides HUD-subsidized housing to independent seniors 62+ who desire a safe, comfortable living space requiring minimal upkeep while, at the same time, seek the enjoyment and support of having other seniors nearby. They are open to all faiths and are not religiously affiliated. A Service Coordinator (LSW) is on staff who can assist residents in obtaining personal services when recovering from illness or surgery in addition to other services that are available.
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 Franciscan Village Of Our Lady of Angels 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $19,000 / year | $21,700 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $31,650 / year | $36,200 / year | $40,700 / year | $45,200 / year | $48,850 / year | $52,450 / year | $56,050 / year | $59,700 / year |
| 50% AMI for PBRA Units | $31,650 / year | $36,200 / year | $40,700 / year | $45,200 / year | $48,850 / year | $52,450 / year | $56,050 / year | $59,700 / year |
| 60% AMI for LIHTC Units | $37,980 / year | $43,440 / year | $48,840 / year | $54,240 / year | $58,620 / year | $62,940 / year | $67,260 / year | $71,640 / year |
| 80% AMI for PBRA Units | $50,650 / year | $57,850 / year | $65,100 / year | $72,300 / year | $78,100 / year | $83,900 / year | $89,700 / year | $95,450 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Franciscan Village Of Our Lady of Angels have a waiting list?
Franciscan Village Of Our Lady of Angels 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 Franciscan Village Of Our Lady of Angels?
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.
In addition to Franciscan Village Of Our Lady of Angels, how many other affordable housing properties (and units) are there in Cleveland?
In addition to Franciscan Village Of Our Lady of Angels, we list 348 other affordable properties in Cleveland. Learn about these properties here. Our data research shows that there are a total of 26740 affordable units in Cleveland.
When was the Franciscan Village Of Our Lady of Angels listing last updated?
Franciscan Village Of Our Lady of Angels listing on Affordable Housing Online was last updated on 01/01/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Wait until you have a Section 8 voucher to find housing.
It usually takes months or years to reach the top of a Section 8 HCV waiting list. Any apartments you see now will likely not be available when you get your voucher.Lela Mima says:
"I love that this website lets you know where Section 8 will be open, and you have choices to pick where to apply. Thank you Affordable Housing Online!"