Woodlake Village II

8901 E. 5th Ave, Gary, IN 46403

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2023 by Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
Call for Rents 1 - 3 Beds 1 - 1.5 Bath 625 - 1,100 Sq Ft

Waitlist Forecast

Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.

Woodlake Village is located off of US-20 and County Line Rd. We are just minutes from Indiana Sand Dunes and South Shore Transit that will take you to Downtown Chicago for the local attractions.

Dave's Thoughts On Woodlake Village II

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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Woodlake Village II has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Woodlake Village II Amenities

  • Playground
  • Community Room
  • 24hr Emergency Maintenance
  • Utilities Included
  • Walk-in Closet(s)
  • Laundry Centers
  • Gas Included

Units at Woodlake Village II

Unit (Bd/Ba) Ft2 Rent
The Cypress (1/1) 625ft2 Call for Price
The Iris (2/1) 800ft2 Call for Price
The Pine (2/1) 825ft2 Call for Price
The Tulip (2/1.5) 870ft2 Call for Price
The Williow (3/1) 1100ft2 Call for Price

Income Qualification for Woodlake Village II

*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
30% AMI for PBRA Units $18,800 / year $21,450 / year $24,860 / year $30,000 / year $35,140 / year $40,280 / year
50% AMI for LIHTC Units $31,300 / year $35,750 / year $40,200 / year $44,650 / year $48,250 / year $51,800 / year
50% AMI for PBRA Units $31,300 / year $35,750 / year $40,200 / year $44,650 / year $48,250 / year $51,800 / year
60% AMI for LIHTC Units $37,560 / year $42,900 / year $48,240 / year $53,580 / year $57,900 / year $62,160 / year
80% AMI for PBRA Units $50,050 / year $57,200 / year $64,350 / year $71,450 / year $77,200 / year $82,900 / year

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

FAQs for Woodlake Village II

Does Woodlake Village II have a waiting list?

Woodlake Village II probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Woodlake Village II?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

What property management company manges Woodlake Village II?

Woodlake Village II is managed by Barrett & Stokely headquartered in Indianapolis, Indiana.

In addition to Woodlake Village II, how many other affordable housing properties (and units) are there in Gary?

In addition to Woodlake Village II, we list 43 other affordable properties in Gary. Learn about these properties here. Our data research shows that there are a total of 5354 affordable units in Gary.

When was the Woodlake Village II listing last updated?

Woodlake Village II listing on Affordable Housing Online was last updated on 01/01/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Woodlake Village II

Gary Manor Apartments

1200 Washington St, Gary, Indiana 46407

Small Farms

1990 W 24th Lane, Gary, Indiana 46404

St. John Homes

2173 Carolina St, Gary, Indiana 46407

Gary NSA III

477 Arthur St, Gary, Indiana 46404

Linden House Gary

1500 Washington St, Gary, Indiana 46407

Homewood Village

2173 Carolina Street, Gary, Indiana 46407

Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.