994 N. Watkins St., Memphis, TN 38107
Waiting List Forecast: Open Now
Verified for 2024 by Tommie Byrd, Connor BaileyRent | Beds | Baths | SqFt |
---|---|---|---|
Call for Rents† | 1 - 2 Beds | 1 Bath | 703 - 784 Sq Ft |
Our research has confirmed on 02/08/2024 at least one open waiting list for this property. Note that waiting list statuses can change frequently and we can't always verify these changes. Contact the property for more information.
Welcome to Saints Court Apartments in Memphis, TN! Nestled in the vibrant Vollintine-Evergreen neighborhood, our income-based community offers 1 & 2-bedroom apartments ranging from 703 to 784 sq.ft. Enjoy convenient amenities like laundry facilities, on-site maintenance, a playground, and a business center. Your new home awaits at Saints Court! Apply now on our website to join our waitlist.
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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Saints Court Apartments has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.
~ Dave Layfield, Founder of Affordable Housing Online
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 703ft2 | Rent is Based On Your Income† |
Two Bedroom (2/1) | 784ft2 | Rent is Based On Your Income† |
AMI* | 1 person | 2 people | 3 people | 4 people |
---|---|---|---|---|
30% AMI for PBRA Units | $17,050 / year | $19,720 / year | $24,860 / year | $30,000 / year |
50% AMI for LIHTC Units | $28,350 / year | $32,400 / year | $36,450 / year | $40,500 / year |
50% AMI for PBRA Units | $28,350 / year | $32,400 / year | $36,450 / year | $40,500 / year |
60% AMI for LIHTC Units | $34,020 / year | $38,880 / year | $43,740 / year | $48,600 / year |
80% AMI for PBRA Units | $45,400 / year | $51,850 / year | $58,350 / year | $64,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Saints Court Apartments have a waiting list?
Saints Court Apartments has a waiting list. See above for waiting list details.
Are rents subsidized at Saints Court Apartments?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Saints Court Apartments?
Saints Court Apartments is managed by Alco Management Inc. headquartered in Memphis , Tennessee.
In addition to Saints Court Apartments, how many other affordable housing properties (and units) are there in Memphis?
In addition to Saints Court Apartments, 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 Saints Court Apartments listing last updated?
Saints Court Apartments listing on Affordable Housing Online was last updated on 05/06/2024 by Tommie Byrd. Remember, a property's status can change so you should contact the property to confirm.
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Affordable housing is for both families and individuals.
There is no requirement to have family members or children to live in affordable housing. Single persons are eligible for housing.Gordon Gross says:
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