1107 W. 3rd Street Bloomington, IN , Bloomington, IN 47404
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $340 - 750 per Month† | Studio - 3 Beds | 1 Bath | - |
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.
Southern Knoll offers affordable housing and is located just minutes from Downtown Bloomington. Our amenities include controlled entry, washer/dryer hook-up, laundry facility on-site, dishwashers, microwaves, intercom system, ceiling fans, modern fixture and lighting, energy efficient appliances, community room, and fitness room.
Because Southern Knoll participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | $340 $525† |
| One Bedroom (1/1) | - | $510 $575† |
| Two Bedroom (2/1) | - | $575 $610† |
| Three Bedroom (3/1) | - | $650 $750† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $31,650 / year | $36,150 / year | $40,650 / year | $45,150 / year | $48,800 / year | $52,400 / year |
| 50% AMI for PBRA Units | $31,650 / year | $36,150 / year | $40,650 / year | $45,150 / year | $48,800 / year | $52,400 / year |
| 60% AMI for LIHTC Units | $37,980 / year | $43,380 / year | $48,780 / year | $54,180 / year | $58,560 / year | $62,880 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Southern Knoll have a waiting list?
Southern Knoll 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 Southern Knoll?
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 Southern Knoll?
Southern Knoll is managed by Valenti Real Estate Services, Inc. headquartered in Indianapolis, Indiana.
In addition to Southern Knoll, how many other affordable housing properties (and units) are there in Bloomington?
In addition to Southern Knoll, we list 33 other affordable properties in Bloomington. Learn about these properties here. Our data research shows that there are a total of 2213 affordable units in Bloomington.
When was the Southern Knoll listing last updated?
Southern Knoll listing on Affordable Housing Online was last updated on 01/01/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Wait until you have a Section 8 voucher to find housing.
It usually takes months or years to reach the top of a Section 8 HCV waiting list. Any apartments you see now will likely not be available when you get your voucher.Libby Trahan says:
"I knew nothing about Section 8 or other affordable housing options, but Affordable Housing Online is very informative and I have learned about resources that I never knew were available."