Fairchance Senior Housing

120 Fair St., Fairchance, PA 15436

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey
Rent Beds Baths SqFt
Call for Rents Floorplan Info Upon Request - -
check_circle  Senior (62+)
check_circle  Affordable

Waitlist Forecast

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.

Fairchance Senior Housing is a 36 unit apartment complex that will offer affordable housing to seniors. It is a 3-story, wood framed structure with a Brick and Hardie Siding exterior.

Dave's Thoughts On Fairchance Senior Housing

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 Fairchance Senior Housing 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Fairchance Senior Housing

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people
50% AMI for LIHTC Units $35,150 / year $40,200 / year $45,200 / year $50,200 / year $54,250 / year $58,250 / year $62,250 / year $66,300 / year
50% AMI for PBRA Units $35,150 / year $40,200 / year $45,200 / year $50,200 / year $54,250 / year $58,250 / year $62,250 / year $66,300 / year
60% AMI for LIHTC Units $42,180 / year $48,240 / year $54,240 / year $60,240 / year $65,100 / year $69,900 / year $74,700 / year $79,560 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Fairchance Senior Housing

Does Fairchance Senior Housing have a waiting list?

Fairchance Senior Housing 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 Fairchance Senior Housing?

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 Fairchance Senior Housing?

Fairchance Senior Housing is managed by NDC Real Estate Management

In addition to Fairchance Senior Housing, how many other affordable housing properties (and units) are there in Fayette County?

In addition to Fairchance Senior Housing, we list 58 other affordable properties in Fayette County. Learn about these properties here. Our data research shows that there are a total of 2998 affordable units in Fayette County.

When was the Fairchance Senior Housing listing last updated?

Fairchance Senior Housing listing on Affordable Housing Online was last updated on 06/26/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Fairchance Senior Housing

Wynnwood Commons

100 Fair St, Fairchance, Pennsylvania 15436

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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