900 E Jefferson St, Tipton, IN 46072
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $472 - 1,026 per Month† | 2 Beds | 1 Bath | 954 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.
Tipton Senior Apartments is located on Jefferson Street, just near Ash Street. Tipton Senior is close to everywhere you want to go, including, Needler's Fresh Market, CVS, Pizza King of Tipton, Dollar General and Tipton Park. Two bedroom floorplans are offered alongside a list of great amenities including: a community room, free parking, on-site maintenance and management, in-unit washer and dryers, and open-concept kitchens.
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 Tipton Senior 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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 |
|---|---|---|
| 2 Bedroom (2/1) | 954ft2 | $472 $1,026† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $30,450 / year | $34,800 / year | $39,150 / year | $43,450 / year |
| 50% AMI for PBRA Units | $30,450 / year | $34,800 / year | $39,150 / year | $43,450 / year |
| 60% AMI for LIHTC Units | $36,540 / year | $41,760 / year | $46,980 / year | $52,140 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Tipton Senior Apartments have a waiting list?
Tipton Senior 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 Tipton Senior 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 Tipton Senior Apartments?
Tipton Senior Apartments is managed by TWG Development headquartered in Indianapolis, In.
In addition to Tipton Senior Apartments, how many other affordable housing properties (and units) are there in Tipton?
In addition to Tipton Senior Apartments, we list 7 other affordable properties in Tipton. Learn about these properties here. Our data research shows that there are a total of 199 affordable units in Tipton.
When was the Tipton Senior Apartments listing last updated?
Tipton Senior Apartments listing on Affordable Housing Online was last updated on 02/20/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
501 Canterbury Ct, Tipton, Indiana 46072
Report unemployment income to your housing agency.
All employment income is required to be reported for federal housing assistance - including unemployment income.Tangala Tonya Mcfashion says:
"Affordable Housing Online is very useful and keeps you updated on all of the information."
