42 S Ludlow St, Dayton, OH 45402
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $729 - 958 per Month† | 1 - 3 Beds | 1 - 2 Baths | 630 - 1,120 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.
The Art Lofts at the Dayton Arcade are tailored (but not limited) to the needs and desires of artistic professionals, makers, and creative-class entrepreneurs. Amenities for residents include a fitness center, business center, club room, and on-site property management services. The Arcade is the centerpiece of a larger city plan to bring residents, jobs, and visitors back to downtown! The redevelopment of the historic Dayton Arcade will recast the Arcade in much the same way it was initially designed in the first decade of the 20th century—with a mix of retail, offices, event space, and housing.
Contact them for more information on this mixed-income affordable community.
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 Art Lofts at The Arcade 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) | 630ft2 | $763 $958† |
| Two Bedroom (2/1) | 1030ft2 | $729† |
| Three Bedroom (3/2) | 1120ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $31,150 / year | $35,600 / year | $40,050 / year | $44,500 / year | $48,100 / year | $51,650 / year |
| 50% AMI for PBRA Units | $31,150 / year | $35,600 / year | $40,050 / year | $44,500 / year | $48,100 / year | $51,650 / year |
| 60% AMI for LIHTC Units | $37,380 / year | $42,720 / year | $48,060 / year | $53,400 / year | $57,720 / year | $61,980 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Art Lofts at The Arcade have a waiting list?
Art Lofts at The Arcade 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 Art Lofts at The Arcade?
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 Art Lofts at The Arcade?
Art Lofts at The Arcade is managed by McCormack Baron Management headquartered in Saint Louis , Missouri.
In addition to Art Lofts at The Arcade, how many other affordable housing properties (and units) are there in Dayton?
In addition to Art Lofts at The Arcade, we list 242 other affordable properties in Dayton. Learn about these properties here. Our data research shows that there are a total of 9968 affordable units in Dayton.
2920 Old Troy Pike, Dayton, Ohio 45404
Applying for housing with bad credit.
Most HUD housing programs, like Section 8 and Public Housing, do not have a credit check. But Section 8 landlords will likely require one for an available unit.Kim Eatmon says:
"Affordable Housing Online is a great way to see what’s available for low income housing."