900 S. 4th St., Memphis, TN 38126
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $925 - 1,072 per Month† | 2 - 3 Beds | 1.5 - 235 Baths | 931 - 1,335 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.
Mason Homes on 4th is an affordable apartment community offering 2- and 3-bedroom units. This community also features a fitness center, a business center, a clubhouse with a fireplace, a playground, and a BBQ area with a cabana and seating. Each unit is equipped with central air conditioning, large closets, open floorplans, and stainless steel appliances.
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 Mason Homes on 4th 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 |
|---|---|---|
| Two Bedroom Two Bath (2/2) | 1065ft2 | $925† |
| Two Bedroom One Half Bath (2/1.5) | 931ft2 | $925† |
| Three Bedroom Two Bath (3/2) | 1240ft2 | $1,072† |
| Three Bedroom Two Half Bath (3/235) | 1335ft2 | $1,072† |
| 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 Mason Homes on 4th have a waiting list?
Mason Homes on 4th 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 Mason Homes on 4th?
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 Mason Homes on 4th?
Mason Homes on 4th is managed by Fourmidable headquartered in Bingham Farms, Michigan.
In addition to Mason Homes on 4th, how many other affordable housing properties (and units) are there in Memphis?
In addition to Mason Homes on 4th, we list 384 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 Mason Homes on 4th listing last updated?
Mason Homes on 4th listing on Affordable Housing Online was last updated on 10/25/2023 by Connor Bailey. 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
3707 Pershing Park Drive, Memphis, Tennessee 38127
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