656 W Spring St, Lima, OH 45801
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $910 - 1,089 per Month† | 1 - 2 Beds | 1 Bath | 642 - 832 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.
Spring Street Senior Lofts features one and two bedroom apartment homes designed exclusively for adults 55 & over. Each spacious floor plan includes modern amenities you would expect to find in a luxury home, at affordable rental rates: a fully-equipped gourmet kitchen with energy-efficient appliances, full-size washer & dryer connections, exceptional closet space and central air conditioning! The common space provides comforts of contemporary living which include a fitness center, business center with computer workstations and a community room with a kitchenette where residents can enjoy the companionship of friends and family; Spring Street Senior Lofts is a smoke-free 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 Spring Street Senior Lofts 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) | 642ft2 | $910† |
| Two Bedroom (2/1) | 832ft2 | $1,089† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $27,450 / year | $31,400 / year | $35,300 / year | $39,200 / year |
| 50% AMI for PBRA Units | $27,450 / year | $31,400 / year | $35,300 / year | $39,200 / year |
| 60% AMI for LIHTC Units | $32,940 / year | $37,680 / year | $42,360 / year | $47,040 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Spring Street Senior Lofts have a waiting list?
Spring Street Senior Lofts 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 Spring Street Senior Lofts?
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 Spring Street Senior Lofts?
Spring Street Senior Lofts is managed by Pivotal (formally MVAH Partners) headquartered in West Chester, OH.
In addition to Spring Street Senior Lofts, how many other affordable housing properties (and units) are there in Lima?
In addition to Spring Street Senior Lofts, we list 28 other affordable properties in Lima. Learn about these properties here. Our data research shows that there are a total of 1835 affordable units in Lima.
When was the Spring Street Senior Lofts listing last updated?
Spring Street Senior Lofts listing on Affordable Housing Online was last updated on 06/03/2022 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
Housing options for seniors.
Many housing programs have apartments or entire properties restricted to senior residents only, including Section 202 Supportive Housing for the Elderly.LMarie Murphy says:
"This website is very user friendly, and offers important information. It really helps to feel empowered when you have never done this process before. Thank you Affordable Housing Online!"