New subdivision offers homes for lower income families
A new rental subdivision in Abbeville hopes to give solutions to lower income families by offering brand new homes at affordable prices. The North Abbeville Subdivision, located off of Highway 338, less than a mile from Walgreen’s pharmacy, offers 111 newly constructed three and four bedroom homes for rent at a portion of the cost of other homes for rent in the area. Business manager Tracey Benoit and Compliance manager Dale Wilkerson hope that the subdivision construction will be complete and they will officially open for business in the middle of this month.
Benoit said North Abbeville Subdivisions is now accepting applications to fill the remaining 75 percent of homes to families making at least $12,264 a year, but not more than $20,640 a year for a three-bedroom home. The income requirements for lessees is set in accordance to the Louisiana Housing Finance Agency, which determines who qualifies to live in these tax credit properties. The Low-Income Housing Tax Credit (LIHTC) Program offers property owners and investors a credit or reduction in their tax liability, each year for 10 years, that is based on the costs of development and the number of qualified low income units in a newly constructed or rehabilitated development. In exchange, the owners must offer quality units to low-income tenants at fixed below market rate rents that are set at 30% of the applicable Area Median Income. Tenants must meet income eligibility requirements to qualify for residency.
In addition to meeting specific income requirements, applicants must meet the following guidelines to be considered for a home: 1) Tenants are selected on a first-come, first-served basis as regulated by state and federal regulations; 2) Any rental history of loud conduct or destroying, defacing, damaging or removing any apartment complex property will be reason for denying occupancy; 3) All applicants must bring a letter from the police or sheriff’s office stating they do not have a criminal history; 4) Occupancy by anyone with a past history of drug arrest will be denied. This applies to all members of the household who reside in the apartment; and 5) All occupants of the apartment must be listed on the lease and meet the above criteria.
The new subdivision is one of several subdivisions that already exist throughout Southwest Louisiana. Benoit said the entity that owns the property is M&T Property and is based in Rayville, La. She added that there are already subdivisions in Crowley, Rayne and Church Point, all of which are accepting applications at this time. Wilkerson added there are also subdivisions in Farmerville, Alexandria and Oakdale.
All homes are equipped with deluxe accommodations including central air/heating, washer/dryer, dishwasher, electric range, garbage disposal and refrigerator. Homes also come with ceiling fans, ceramic tile, covered car ports, small backyard patios, mini blinds, and two full baths. Residents will also be able to take advantage of state-run daycare on-site. The complex will also have a playground and a club room for guests to use.
Benoit said many of her applicants are people who lost their homes due to recent hurricanes, and anticipates the opening will be able to accommodate a wide range of applicants who qualify to live there. Lessees will have to agree to a one-year rental lease, and pay a $250 deposit, with rent starting at $511 per month for a three bedroom home.
North Abbeville Subdivisions are taking applications for housing Monday through Friday from 8 a.m. to 5 p.m. For more information, please call 893-3409.