Raines East

103 Young Rd, Bolivar, TN 38008

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Connor Bailey, Lorena Bentley, Joshua Cappell
Rent Beds Baths SqFt
$435 - 715 per Month 1 - 3 Beds 1 - 2 Baths 850 - 1,164 Sq Ft
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Family and Senior
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.

Raines East is a 64-unit garden-style apartment community, offering spacious 1-, 2-, and 3-bedroom floor plans. This community features units with modern kitchens with dishwashers, in unit washer and dryers, a fitness center, business center, furnished clubhouse, playground and swimming pool.  

Bolivar is the quintessential small town to raise a family with its great schools, great people and great community.  For those who want a weekend escape to the city, Jackson is less than an hour's drive and Memphis is less than two hours away.

Dave's Thoughts On Raines East

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 Raines East 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. 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. 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

Raines East Amenities

  • Fitness Center
  • Playground
  • Business Center
  • Clubhouse
  • Dishwasher
  • Fully Equipped Kitchen
  • Washer and Dryer Included
  • Wireless Internet Access
  • Swimming pool

Units at Raines East

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 850ft2 $435
Two Bedroom One Bathroom (2/1) 891ft2 $535
Two Bedroom Two Bathroom (2/2) 951ft2 $615
Three Bedroom (3/2) 1164ft2 $715

Income Qualification for Raines East

*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
50% AMI for LIHTC Units $23,400 / year $26,750 / year $30,100 / year $33,400 / year $36,100 / year $38,750 / year
50% AMI for PBRA Units $23,400 / year $26,750 / year $30,100 / year $33,400 / year $36,100 / year $38,750 / year
60% AMI for LIHTC Units $28,080 / year $32,100 / year $36,120 / year $40,080 / year $43,320 / year $46,500 / year

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

FAQs for Raines East

Does Raines East have a waiting list?

Raines East 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 Raines East?

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 Raines East?

Raines East is managed by Fourmidable headquartered in Bingham Farms, Michigan.

In addition to Raines East, how many other affordable housing properties (and units) are there in Bolivar?

In addition to Raines East, we list 10 other affordable properties in Bolivar. Learn about these properties here. Our data research shows that there are a total of 359 affordable units in Bolivar.

Listings Near Raines East

Quinco Group Home

333 S Water St, Bolivar, Tennessee 38008

switch_access_shortcut Short Wait

511 Johnson St

511 Johnson St, Bolivar, Tennessee 38008

bed 3
payment $895/mo.

511 Johnson St

511 Johnson St, Bolivar, Tennessee 38008

bed 3
payment $950/mo.

Highland Gardens

910 Polk St, Bolivar, Tennessee 38008

bed 1-2
switch_access_shortcut Short Wait

Pecan Grove

520 Pecan Dr, Bolivar, Tennessee 38008

payment Subsidized

Bolivar Townhouses

520 Tate Road, Bolivar, Tennessee

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

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