Park Street Square

518 Loudon Ave NW, Roanoke, VA 24016

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Lorena Bentley, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	Floorplan Info Upon Request	-	-

Call (540) 343-6708

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.

25 units located in Roanoke, VA.

Dave's Thoughts On Park Street Square

Because Park Street Square 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. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Park Street Square

*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	7 people	8 people
50% AMI for LIHTC Units	$32,000 / year	$36,600 / year	$41,150 / year	$45,700 / year	$49,400 / year	$53,050 / year	$56,700 / year	$60,350 / year
50% AMI for PBRA Units	$32,000 / year	$36,600 / year	$41,150 / year	$45,700 / year	$49,400 / year	$53,050 / year	$56,700 / year	$60,350 / year
60% AMI for LIHTC Units	$38,400 / year	$43,920 / year	$49,380 / year	$54,840 / year	$59,280 / year	$63,660 / year	$68,040 / year	$72,420 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Park Street Square

Does Park Street Square have a waiting list?

Park Street Square 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 Park Street Square?

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 Park Street Square, how many other affordable housing properties (and units) are there in Roanoke?

In addition to Park Street Square, we list 87 other affordable properties in Roanoke. Learn about these properties here. Our data research shows that there are a total of 4333 affordable units in Roanoke.

When was the Park Street Square listing last updated?

Park Street Square listing on Affordable Housing Online was last updated on 01/03/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.