Concord Apartments

41 N 40th St , Newark, Ohio 43055

Contact Concord Apartments

Welcome to Concord Apartments, a community for families and those 62 years of age and better, handicapped, or disabled. Enjoy the comfort of quiet, community living here at Concord Apartments!

Our spacious 1, 2, and 3 bedroom apartment homes are thoughtfully designed with your comfort and convenience in mind. In addition to our great floor plans and maintenance free living, our community has the amenities you want and deserve. For your pleasure, our community features 24 hour on-site laundry, beautiful lawns, playgrounds, copy, fax, office services and on-site management.

Concord is ideally situated to give you easy access to the best of what the area has to offer. We are located a short distance from many local shopping options including Indian Mound Mall, local recreation facilities, extensive bike and walking trails, all while only a short drive from everything that Newark and Columbus have to offer.

Call us today to make an appointment to see for yourself why Concord Apartments should be your new home. We look forward to hearing from you!

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	554	Income Based
2 Bedroom (2/1)	712	Income Based
3 Bedroom (3/1)	960	Income Based

Eligibility for Concord Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Newark but actual income limits may differ for units at Concord Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$20,850	$23,800	$26,800	$30,000	$35,140	$40,280
50%	$34,750	$39,700	$44,650	$49,600	$53,600	$57,550
80%	$55,550	$63,500	$71,450	$79,350	$85,700	$92,050

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Newark but actual income limits may differ for units at Concord Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$34,750	$39,700	$44,650	$49,600	$53,600	$57,550
Low Income (60%)	$41,700	$47,640	$53,580	$59,520	$64,320	$69,060

Concord Apartments Details

50 one, two and three bedroom units.
Water and Sewer utilities included in rent
Heat utility included in rent
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)
Section 236

Property Amenities

Playground
Business Center
On-Site Manager
Beautiful Landscape
Heat Included
On-Site Laundry

Unit Amenities

All Appliances included
Cable Ready
Sewer Included
Water Included

Nearby Amenities

Close to Shopping
Near Schools
Near Restaurants

Office Hours

Day	Hours
Monday	8:00am-12:00pm , 1:00pm-5:00pm
Monday	8:00am-12:00pm , 1:00pm-5:00pm
Tuesday	8:00am-12:00pm , 1:00pm-5:00pm
Tuesday	8:00am-12:00pm , 1:00pm-5:00pm
Friday	8:00am-12:00pm , 1:00pm-5:00pm
Friday	8:00am-12:00pm , 1:00pm-5:00pm

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.