Stoneridge Estates

500 Stoneridge Ct, Sparta, TN 38583

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Connor Bailey
Rent Beds Baths SqFt
Call for Rents 2 - 3 Beds 2 Baths -
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.

Stoneridge Estates is an income-restricted community that offers apartments for rent in Sparta, Tennessee, conveniently located near shopping and schools. Apartments are available in 2- and 3-bedroom floor plans, each equipped with central heat & air, washer/dryer connections, a private patio or balcony, range, dishwasher, microwave, disposal, and refrigerator. Tenants pay for electricity, water is covered by the property.

Relax and enjoy the playground area and Gazebos on the property. The property includes a Community Building with a Computer Center and Laundry room. The Mail Center also has a Covered Bus Stop Shelter.

Dave's Thoughts On Stoneridge Estates

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 Stoneridge Estates 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

Stoneridge Estates Amenities

  • Playground
  • Community Room
  • Gazebo
  • Ceiling Fan(s)
  • Dishwasher
  • Garbage Disposal
  • Microwave
  • Washer and Dryer Hookup
  • Refrigerator
  • Oven and Range
  • Private Patio and Balcony
  • Community Kitchen
  • Package Lockers

Units at Stoneridge Estates

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/2) - Call for Price
Three Bedroom (3/2) - Call for Price

Income Qualification for Stoneridge Estates

*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 Stoneridge Estates

Does Stoneridge Estates have a waiting list?

Stoneridge Estates 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 Stoneridge Estates?

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 Stoneridge Estates?

Stoneridge Estates is managed by Olympia Management INC headquartered in Albertville, AL.

In addition to Stoneridge Estates, how many other affordable housing properties (and units) are there in Sparta?

In addition to Stoneridge Estates, we list 6 other affordable properties in Sparta. Learn about these properties here. Our data research shows that there are a total of 317 affordable units in Sparta.

When was the Stoneridge Estates listing last updated?

Stoneridge Estates listing on Affordable Housing Online was last updated on 03/07/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Stoneridge Estates

Knollcrest Manor Apartments

601 Knollcrest Drive, Sparta, Tennessee 38583

bed 1-3
payment Subsidized
accessibility Accessible

Pleasant Hill Apartments

200 E Bronson St, Sparta, Tennessee 38583

payment Subsidized
elderly Senior

Oak Hills Apartments

363 Oak Hill Dr, Sparta, Tennessee 38583

payment Subsidized
elderly Senior
accessibility Accessible

Oak Hills Annex

301 Horizon Dr, Sparta, Tennessee 38583

payment Subsidized
elderly Senior
accessibility Accessible

111 N Main St

111 N Main St, Sparta, Tennessee 38583

bed 3
payment $1199/mo.

Crag Rock Village

100 Project Dr, Sparta, Tennessee 38583

payment Subsidized
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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