3347 North Emerson Avenue, Indianapolis, IN 46218
Waiting List Forecast: Likely Short or None
Verified for 2019 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $270 - 820 per Month† | 1 - 2 Beds | 1 Bath | 567 - 1,015 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 Walnut Ridge Apartments, our goal is first class service for adults 55 and older. Our professional on-site management team is dedicated to meeting your every need. We offer two recreation rooms, computer classes, controlled access entry, and a place for lounging with family or friends. All of this is just steps away from your one or two bedroom garden style apartment home. Each unique home is designed to go above and beyond your expectations. Fully equipped kitchens, spacious closets, and open floor plans, are a few examples. With our maintenance-free approach, we make living here easy and hassle free. Walnut Ridge Apartments is ideally located, with easy access to all of life's indulgences outside our community. Monthly planned parties and community activities are waiting for you. Our building is smoke-free and environmentally friendly.
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 Walnut Ridge 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| The Belmont (1/1) | 567ft2 | $278 $672† |
| The Dawson (1/1) | 677ft2 | $270 $561† |
| The Hanover (2/1) | 1015ft2 | $312 $820† |
| The Dover (2/1) | 876ft2 | $312 $820† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $33,850 / year | $38,700 / year | $43,550 / year | $48,350 / year |
| 50% AMI for PBRA Units | $33,850 / year | $38,700 / year | $43,550 / year | $48,350 / year |
| 60% AMI for LIHTC Units | $40,620 / year | $46,440 / year | $52,260 / year | $58,020 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Walnut Ridge Apartments have a waiting list?
Walnut Ridge 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 Walnut Ridge 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 Walnut Ridge Apartments?
Walnut Ridge Apartments is managed by Miller Valentine Group
In addition to Walnut Ridge Apartments, how many other affordable housing properties (and units) are there in Indianapolis?
In addition to Walnut Ridge Apartments, we list 319 other affordable properties in Indianapolis. Learn about these properties here. Our data research shows that there are a total of 22718 affordable units in Indianapolis.
Interested in a waiting list that opens soon?
Get a head start, and scan important documents you may need for applications, like drivers licenses, birth certificates, and Social Security cards.Lela Mima says:
"I love that this website lets you know where Section 8 will be open, and you have choices to pick where to apply. Thank you Affordable Housing Online!"