2673 S Preston St, Salt Lake City, UT 84106
Waiting List Forecast: Likely Short or None
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
Since this property is a HOME program 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.
Because Preston Place participates in HUD's HOME program for rental housing, at least some of the units in this property are set aside for persons at or below 60% of the AMI and rents are capped at the local FMR and in many cases much lower. 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 program. Since this property participates in the HOME program, 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 |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $22,300 / year | $25,450 / year | $28,650 / year | $31,800 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $37,100 / year | $42,400 / year | $47,700 / year | $53,000 / year | $57,250 / year | $61,500 / year | $65,750 / year | $70,000 / year |
| 50% AMI for PBRA Units | $37,100 / year | $42,400 / year | $47,700 / year | $53,000 / year | $57,250 / year | $61,500 / year | $65,750 / year | $70,000 / year |
| 80% AMI for PBRA Units | $59,400 / year | $67,850 / year | $76,350 / year | $84,800 / year | $91,600 / year | $98,400 / year | $105,200 / year | $111,950 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Preston Place have a waiting list?
Preston Place 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 Preston Place?
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 Preston Place, how many other affordable housing properties (and units) are there in Salt Lake City?
In addition to Preston Place, we list 138 other affordable properties in Salt Lake City. Learn about these properties here. Our data research shows that there are a total of 8506 affordable units in Salt Lake City.
Applying for housing with bad credit.
Most HUD housing programs, like Section 8 and Public Housing, do not have a credit check. But Section 8 landlords will likely require one for an available unit.Gordon Gross says:
"The best feature of Affordable Housing Online is being notified by email when a waiting list opens, or is scheduled to do so. I'm very grateful for this website's services."