450 West 200 North, Provo, UT 84601
Waiting List Forecast: Likely Short or None
Verified for 2019 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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.
Cascade Gardens Apartments is a single building three stories in height containing 42 one bedroom units. This LIHTC development is for Seniors 55 years and older. The building is located at 461 West 200 North Provo, Ut. The construction is anticipated to be completed near the end of August 2015. Common Area amenities include community room with full kitchen/serving area, main level outside courtyards, computer room, elevator, second story raised vegetable gardens, covered parking and onsite laundry facility. Unit amenities include individual balcony, storage area, complete kitchen (refrigerator, range, dishwasher and disposal) and Air Conditioning. Eight units are ADA accessible type-A units. Provo City Housing Authority is currently accepting applications.
Because Cascade Gardens participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $34,700 / year | $39,650 / year | $44,600 / year | $49,550 / year | $53,550 / year | $57,500 / year | $61,450 / year | $65,450 / year |
| 50% AMI for PBRA Units | $34,700 / year | $39,650 / year | $44,600 / year | $49,550 / year | $53,550 / year | $57,500 / year | $61,450 / year | $65,450 / year |
| 60% AMI for LIHTC Units | $41,640 / year | $47,580 / year | $53,520 / year | $59,460 / year | $64,260 / year | $69,000 / year | $73,740 / year | $78,540 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cascade Gardens have a waiting list?
Cascade Gardens 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 Cascade Gardens?
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 Cascade Gardens, how many other affordable housing properties (and units) are there in Provo?
In addition to Cascade Gardens, we list 56 other affordable properties in Provo. Learn about these properties here. Our data research shows that there are a total of 863 affordable units in Provo.
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