5308 Eden Drive, Evansville, IN 47715
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $54 - 107 per Month† | 1 - 2 Beds | 1 Bath | 730 - 1,025 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.
At Eastland Apartments, we have spacious one and two bedroom apartment homes, located away from all of the rush, yet so close to everything you need! We are professionally managed and strive to make your moving experience enjoyable. Our friendly staff will go out of their way to make you feel welcome! We look forward to helping you make Eastland your new home and would love to speak with you! Call or come by today to view one of our great apartments!
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 Eastland Apartments 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 |
|---|---|---|
| One Bedroom (1/1) | 730ft2 | $54† |
| Two Bedroom (2/1) | 1025ft2 | $107† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $30,600 / year | $34,950 / year | $39,300 / year | $43,650 / year |
| 50% AMI for PBRA Units | $30,600 / year | $34,950 / year | $39,300 / year | $43,650 / year |
| 60% AMI for LIHTC Units | $36,720 / year | $41,940 / year | $47,160 / year | $52,380 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Eastland Apartments have a waiting list?
Eastland Apartments 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 Eastland Apartments?
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.
What property management company manges Eastland Apartments?
Eastland Apartments is managed by The Commonwealth Companies headquartered in Fond du Lac, WI.
In addition to Eastland Apartments, how many other affordable housing properties (and units) are there in Evansville?
In addition to Eastland Apartments, we list 46 other affordable properties in Evansville. Learn about these properties here. Our data research shows that there are a total of 3364 affordable units in Evansville.
When was the Eastland Apartments listing last updated?
Eastland Apartments listing on Affordable Housing Online was last updated on 01/02/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Steve Rubin says:
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