201 Professional Parkway, Marysville, OH 43040
Waiting List Forecast: Likely Short or None
Verified for 2019 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $721 - 1,055 per Month† | 1 - 2 Beds | 1 Bath | 706 - 899 Sq Ft |
This property is currently under construction.
Residences at Maple Glen is expected to be completed fall of 2019.
Residences at Maple Glen is an independent living, pet friendly community for those 55 and better. This community offers moderately priced 1 and 2 bedroom apartment homes! This community also offers modern finishes and amenities to suit your lifestyle. Residents will enjoy a fitness center, laundry facilities and activity rooms designated for planned activities and events.
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 Maple Glen 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections. 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 706ft2 | $721 $877† |
| 2 Bedroom (2/1) | 899ft2 | $1,055† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $40,850 / year | $46,650 / year | $52,500 / year | $58,300 / year |
| 50% AMI for PBRA Units | $40,850 / year | $46,650 / year | $52,500 / year | $58,300 / year |
| 60% AMI for LIHTC Units | $49,020 / year | $55,980 / year | $63,000 / year | $69,960 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Residences at Maple Glen have a waiting list?
Residences at Maple Glen 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 Maple Glen?
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 Maple Glen?
Residences at Maple Glen is managed by The NRP Group LLC headquartered in Cleveland , Ohio.
In addition to Residences at Maple Glen, how many other affordable housing properties (and units) are there in Marysville?
In addition to Residences at Maple Glen, we list 10 other affordable properties in Marysville. Learn about these properties here. Our data research shows that there are a total of 533 affordable units in Marysville.
222 E Greenwood Blvd, Marysville, Ohio 43040
270 Stocksdale Dr, Marysville, Ohio 43040
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