578 Housley Street, Morristown, TN 37814
Waiting List Forecast: Likely Short or None
Verified for 2019 by Connor Bailey, Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 - 2 Baths | 800 - 900 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.
Brand New 55 and over Apartment Community, spacious 1- and 2-bedroom apartment homes, fully equipped kitchens with ice maker, dishwasher and microwave, large laundry room with washer/dryer in each apartment. These apartments feature ceiling fans in the living room and bedrooms, large private patio/balcony with large storage closet, hardwood flooring and plush carpeting in bedrooms, picturesque views, elevator access, business center, community room, tv room, interior mailboxes, ample parking, pet friendly with restrictions, water, sewer and trash included, 24 hour emergency maintenance and controlled access.
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 Walter's Ridge 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 800ft2 | Call for Price† |
| Two Bedroom (2/2) | 900ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $24,100 / year | $27,550 / year | $31,000 / year | $34,400 / year |
| 50% AMI for PBRA Units | $24,100 / year | $27,550 / year | $31,000 / year | $34,400 / year |
| 60% AMI for LIHTC Units | $28,920 / year | $33,060 / year | $37,200 / year | $41,280 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Walter's Ridge Apartments have a waiting list?
Walter's Ridge 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 Walter's Ridge 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.
In addition to Walter's Ridge Apartments, how many other affordable housing properties (and units) are there in Morristown?
In addition to Walter's Ridge Apartments, we list 19 other affordable properties in Morristown. Learn about these properties here. Our data research shows that there are a total of 1436 affordable units in Morristown.
513 S. Hill Street, Morristown, Tennessee 37813
1459 DE Vault St, Morristown, Tennessee 37814
1297 Joe Hall Rd, Morristown, Tennessee 37813
1107 S Jackson St, Morristown, Tennessee 37813
Report unemployment income to your housing agency.
All employment income is required to be reported for federal housing assistance - including unemployment income.Libby Trahan says:
"I knew nothing about Section 8 or other affordable housing options, but Affordable Housing Online is very informative and I have learned about resources that I never knew were available."