570 Ponce de Leon Ave / Hato Rey, San Juan, RQ 00918
Waiting List Forecast: Likely Short or None
Verified for 2020 by Colleen Carter, Ric Gresia| 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.
The Golden Residences at The Village is a rental housing project for the elderly (62 years or older), which is located on Ave. Ponce De Leon # 570 in the Pérez Morris Urbanization, Hato Rey, Puerto Rico. It consists of one hundred and forty (140) apartments in a building of sixteen (16) floors with two (2) elevators. The apartments are one (1) room, one (1) bathroom, living room, dining room and equipped kitchen; twelve (12) apartments per floor. In addition, we have thirty-three (33) apartments for people with disabilities.
The project also has an Office of Administration and Social Worker, gym, laundry area, multipurpose room with equipped kitchen, games room, entertainment room, parking with access control and open terrace.
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 Golden Residences @ The Village 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) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $11,800 / year | $13,450 / year | $15,150 / year | $16,800 / year | $18,150 / year | $19,500 / year | $20,850 / year | $22,200 / year |
| 50% AMI for PBRA Units | $11,800 / year | $13,450 / year | $15,150 / year | $16,800 / year | $18,150 / year | $19,500 / year | $20,850 / year | $22,200 / year |
| 60% AMI for LIHTC Units | $14,160 / year | $16,140 / year | $18,180 / year | $20,160 / year | $21,780 / year | $23,400 / year | $25,020 / year | $26,640 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Golden Residences @ The Village have a waiting list?
Golden Residences @ The Village 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 Golden Residences @ The Village?
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.
In addition to Golden Residences @ The Village, how many other affordable housing properties (and units) are there in San Juan?
In addition to Golden Residences @ The Village, we list 5 other affordable properties in San Juan. Learn about these properties here. Our data research shows that there are a total of 622 affordable units in San Juan.
550 Ave. Muñoz Rivera and 108 Ave. Domenech/Hato Rey, San Juan, Puerto Rico 00918
Calles Balseiro and Añasco / Sector Blondet - Rio Piedras, San Juan, Puerto Rico 00109
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There is no requirement to have family members or children to live in affordable housing. Single persons are eligible for housing.Selina Irene says:
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