416 Overlook Way, Braddock, PA 15104
Waiting List Forecast: Likely Short or None
Verified for 2021 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 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.
Located in the heart of Braddock, the Overlook Apartments offers income based, affordable 1, 2 and 3 bedroom housing options. The property boasts amenities including a spacious community room, 24 hour emergency maintenance, laundry on-site, and plenty of green space. Built in 2013, the apartments offer independent living in open concept floor plans with modern appliances. With a bus stop steps outside the property and parking on site, The Overlook is perfect for commuting, heading to a local park or anything in between.
The Borough of Braddock was named after General Edward Braddock, who fought against the French to settle the land. Located on the coast of the Monongahela River, Braddock became a thriving, transportation hub. When the decline of the steel industry occurred, Braddock businesses shifted their approach, focusing on smaller storefronts and shops, to grow the local community. The borough is in a revitalization period, with new breweries, restaurants and everything in between populating the main street of Braddock Avenue making it an ideal place to live!
Because The Overlook Apartments participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, 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) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $35,150 / year | $40,200 / year | $45,200 / year | $50,200 / year | $54,250 / year | $58,250 / year |
| 50% AMI for PBRA Units | $35,150 / year | $40,200 / year | $45,200 / year | $50,200 / year | $54,250 / year | $58,250 / year |
| 60% AMI for LIHTC Units | $42,180 / year | $48,240 / year | $54,240 / year | $60,240 / year | $65,100 / year | $69,900 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Overlook Apartments have a waiting list?
The Overlook Apartments 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 The Overlook Apartments?
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 The Overlook Apartments?
The Overlook Apartments is managed by NDC Asset Management headquartered in Lake Charles , Louisiana.
In addition to The Overlook Apartments, how many other affordable housing properties (and units) are there in Braddock?
In addition to The Overlook Apartments, we list 12 other affordable properties in Braddock. Learn about these properties here. Our data research shows that there are a total of 291 affordable units in Braddock.
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