1958 Akron Rd, Wooster, OH 44691
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $987 - 1,365 per Month† | 1 - 3 Beds | 1 - 1.5 Bath | 642 - 1,016 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.
Wooster Lofts will feature a beautiful, pet friendly community comprised of one, two and three bedroom apartment homes. Each spacious floor plan will include modern amenities you would expect to find in a luxury home, at affordable rental rates: a fully-equipped gourmet kitchen with energy-efficient appliances, exceptional closet space, central air conditioning, and full-size washer and dryer connections in every unit. The common space will provide comforts of contemporary living which include a business center with computer workstations, activity room and outdoor amenities including a playground. Our building is smoke-free & environmentally friendly. Wooster Lofts is the community you have been waiting for!
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 Wooster 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 | $987† |
| Two Bedroom (2/1.5) | 829ft2 | $1,182† |
| Three Bedroom (3/1.5) | 1016ft2 | $1,365† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $29,000 / year | $33,150 / year | $37,300 / year | $41,400 / year | $44,750 / year | $48,050 / year |
| 50% AMI for PBRA Units | $29,000 / year | $33,150 / year | $37,300 / year | $41,400 / year | $44,750 / year | $48,050 / year |
| 60% AMI for LIHTC Units | $34,800 / year | $39,780 / year | $44,760 / year | $49,680 / year | $53,700 / year | $57,660 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Wooster Lofts have a waiting list?
Wooster 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 Wooster 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 Wooster Lofts?
Wooster Lofts is managed by Pivotal (formally MVAH Partners) headquartered in West Chester, OH.
In addition to Wooster Lofts, how many other affordable housing properties (and units) are there in Wooster?
In addition to Wooster Lofts, we list 19 other affordable properties in Wooster. Learn about these properties here. Our data research shows that there are a total of 772 affordable units in Wooster.
When was the Wooster Lofts listing last updated?
Wooster Lofts listing on Affordable Housing Online was last updated on 06/07/2022 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
More people usually means more waiting lists.
Areas with the highest populations tend to have the most amount of waiting list opportunities.Connie Bonds Pittmon says:
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