400 Delaware Avenue, Marion, OH 43302
Waiting List Forecast: Likely Short or None
Verified for 2020 by Keely Pearce| 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.
Marion Towers I offers affordable living options in a comfortable environment. Our community is designed for residents 62 years of age and older or 55 and disabled. Our staff provides a friendly environment with many resident activities such as theme parties, picnics, and movies. Please contact our community manager at (740) 387-9050 or mariontowers@fairfieldhomesohio.com to learn more. See this property and more and apply online at https://www.fairfieldhomesohio.com/residents/.
Income restrictions apply. The owner / agent does not discriminate on the basis of disability status in the admission or access to, or treatment or employment in, its federally assisted program and activities.
Conveniently located near:
- Bank
- Drug Store
- Entertainment
- Hospital
- Post Office
- Public Transportation
- Restaurants
- Shopping
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 Marion Towers I 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 |
|---|---|---|
| 1 Bedroom (1/1) | - | Rent is Based On Your Income† |
| Efficiency (1/1) | - | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $27,450 / year | $31,400 / year | $35,300 / year | $39,200 / year | $42,350 / year | $45,500 / year | $48,650 / year | $51,750 / year |
| 50% AMI for PBRA Units | $27,450 / year | $31,400 / year | $35,300 / year | $39,200 / year | $42,350 / year | $45,500 / year | $48,650 / year | $51,750 / year |
| 60% AMI for LIHTC Units | $32,940 / year | $37,680 / year | $42,360 / year | $47,040 / year | $50,820 / year | $54,600 / year | $58,380 / year | $62,100 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Marion Towers I have a waiting list?
Marion Towers I 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 Marion Towers I?
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 Marion Towers I?
Marion Towers I is managed by Fairfield Homes headquartered in Lancaster, Ohio.
In addition to Marion Towers I, how many other affordable housing properties (and units) are there in Marion?
In addition to Marion Towers I, we list 19 other affordable properties in Marion. Learn about these properties here. Our data research shows that there are a total of 1045 affordable units in Marion.
Applying for housing with bad credit.
Some housing assistance programs require a credit check, including Low-Income Housing Tax Credit apartments. Having bad credit may make you ineligible.Libby Trahan says:
"I knew nothing about Section 8 or other affordable housing options, but Affordable Housing Online is very informative and I have learned about resources that I never knew were available."