500 Shelbourne Ct, Racine, WI 53402
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,300 - 1,350 per Month† | 3 Beds | 1.5 Bath | 1,057 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.
The Finest Three Bedroom Townhomes in Racine! Beautiful 3-bedroom Townhomes fully remodeled with a full private basement including washer & dryer, wall to wall carpeting, window treatments, spacious kitchen with oak cabinetry, all energy efficient appliances including built in dishwashers, energy-star rated heating & air conditioning, insulated windows and doors, private front entry with 2nd rear access to patio area. All within walking distance to shopping, dining, & schools.
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 Lighthouse Point Townhomes 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Three Bedroom (3/1.5) | 1057ft2 | $1,300 $1,350† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $32,000 / year | $36,600 / year | $41,150 / year | $45,700 / year | $49,400 / year | $53,050 / year |
| 50% AMI for PBRA Units | $32,000 / year | $36,600 / year | $41,150 / year | $45,700 / year | $49,400 / year | $53,050 / year |
| 60% AMI for LIHTC Units | $38,400 / year | $43,920 / year | $49,380 / year | $54,840 / year | $59,280 / year | $63,660 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Lighthouse Point Townhomes have a waiting list?
Lighthouse Point Townhomes 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 Lighthouse Point Townhomes?
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 Lighthouse Point Townhomes, how many other affordable housing properties (and units) are there in Racine?
In addition to Lighthouse Point Townhomes, we list 43 other affordable properties in Racine. Learn about these properties here. Our data research shows that there are a total of 2386 affordable units in Racine.
When was the Lighthouse Point Townhomes listing last updated?
Lighthouse Point Townhomes listing on Affordable Housing Online was last updated on 04/29/2022 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
Housing options for families with immigrants.
If the head of household is a citizen or eligible immigrant, you can still qualify for HUD programs with a citizenship requirement.Takesha Powell says:
"Affordable Housing Online is a great resource that provides a lot of helpful links to get low-income and affordable housing."