185 W 500 S, Provo, UT 84601
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $266 - 975 per Month† | Studio - 1 Bed | 1 Bath | 461 - 594 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.
Nestled in the heart of Provo's warehouse row, Startup Crossing will provide a unique opportunity for urban living in Utah County. This beautiful new property provides modern options to a rapidly growing community while forging a vital pedestian connection between Provo's historic downtown and the city's main transit hub, Provo Central Station. Shopping, Dining, The Arts and Entertainment is waiting just a few minutes away from your door step. Startup Crossing offers well designed studios and one bedroom apartment homes.
Because Startup Crossing 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 461ft2 | $266 $449† |
| One Bedroom (1/1) | 594ft2 | $552 $975† |
| 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 Startup Crossing have a waiting list?
Startup Crossing 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 Startup Crossing?
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 Startup Crossing?
Startup Crossing is managed by EMG Management headquartered in Murray, UT.
In addition to Startup Crossing, how many other affordable housing properties (and units) are there in Provo?
In addition to Startup Crossing, we list 17 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.
When was the Startup Crossing listing last updated?
Startup Crossing listing on Affordable Housing Online was last updated on 01/02/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
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