410 South Danny Thomas Blvd, Memphis, TN 38126
Waiting List Forecast: Likely Short or None
Verified for 2022 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $900 - 1,100 per Month† | 1 - 3 Beds | 1 - 2.5 Baths | 701 - 1,260 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.
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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 Foote Park at South City Apartments 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.
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| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 701ft2 | $900† |
| 2 Bedroom (2/1) | 894ft2 | $1,050† |
| 2 Bedroom (2/1.5) | 956ft2 | $1,100† |
| 3 Bedroom (3/2) | 1254ft2 | Call for Price† |
| 3 Bedroom (3/2.5) | 1260ft2 | $1,027† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $28,350 / year | $32,400 / year | $36,450 / year | $40,500 / year | $43,750 / year | $47,000 / year |
| 50% AMI for PBRA Units | $28,350 / year | $32,400 / year | $36,450 / year | $40,500 / year | $43,750 / year | $47,000 / year |
| 60% AMI for LIHTC Units | $34,020 / year | $38,880 / year | $43,740 / year | $48,600 / year | $52,500 / year | $56,400 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Foote Park at South City Apartments have a waiting list?
Foote Park at South City 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 Foote Park at South City 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 Foote Park at South City Apartments ?
Foote Park at South City Apartments is managed by McCormack Baron Management headquartered in Saint Louis , Missouri.
In addition to Foote Park at South City Apartments , how many other affordable housing properties (and units) are there in Memphis?
In addition to Foote Park at South City Apartments , we list 339 other affordable properties in Memphis. Learn about these properties here. Our data research shows that there are a total of 21450 affordable units in Memphis.
When was the Foote Park at South City Apartments listing last updated?
Foote Park at South City Apartments listing on Affordable Housing Online was last updated on 11/11/2022 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
645 North Main, Memphis, Tennessee 38107
3500 Westline Dr., Memphis, Tennessee 38128
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