Stalker School Apartments

1429 8th St, Bedford, Indiana 47421

Stalker Apartments is a new complex that opened in fall of 2013. They offer affordable family living in our modern one and two bedroom apartments, some of which offer handicap accessible features. Their kitchens are fully equipped with energy efficient appliances and deluxe features. Their apartments have both energy saving and safety features. Their community amenities include a community room, a playground, resident functions, and much more. They are a non-smoking community. They are convenient to shopping, schools, located off of John Williams Blvd near Lincoln Avenue. 

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 818 Call for Price
2 Bedroom (2/1) 875-1201 Call for Price

Stalker School Apartments Details

  • 21 1 and 2 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program

Property Amenities

  • Controlled Access
  • Playground
  • Community Room
  • 24hr Emergency Maintenance
  • Energy Star Appliances
  • Snow Removal
  • On-Site Maintenance

Unit Amenities

  • Ceiling Fan(s)
  • Dishwasher
  • Microwave
  • Washer and Dryer Hookup
  • Bathroom Grab Bars
  • Central Heat & Air

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Bedford Low-Income Housing Tax Credit Income Limits

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 Bedford but actual income limits may differ for units at Stalker School Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $49,200
Low Income (60%) $31,320 $35,760 $40,260 $44,700 $48,300 $51,900 $55,440 $59,040

Stalker School Apartments is managed by Hoosier Uplands Economic Development Corporation.

Image of Stalker School Apartments
Image of Stalker School Apartments

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