451 Progress Street, Brookville, IN 47012
Waiting List Forecast: Likely Short or None
Verified for 2020 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 2 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.
Constructed in downtown Brookville, Indiana in 1852, the Valley House Flats (originally called Valley House Hotel) served as an inn to canal travelers and town visitors. Today, it has become an apartment community designed for older, active adult in both the "Historic" and Annex buildings. With studio, one-bedroom and two-bedroom apartments ranging from 600 to 1,200 square feet, there is something designed for everyone.
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 Valley House Flats 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 |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $28,500 / year | $32,550 / year | $36,600 / year | $40,650 / year |
| 50% AMI for PBRA Units | $28,500 / year | $32,550 / year | $36,600 / year | $40,650 / year |
| 60% AMI for LIHTC Units | $34,200 / year | $39,060 / year | $43,920 / year | $48,780 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Valley House Flats have a waiting list?
Valley House Flats 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 Valley House Flats?
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 Valley House Flats?
Valley House Flats is managed by Flaherty & Collins headquartered in Indianapolis, IN.
In addition to Valley House Flats, how many other affordable housing properties (and units) are there in Brookville?
In addition to Valley House Flats, we list 4 other affordable properties in Brookville. Learn about these properties here. Our data research shows that there are a total of 243 affordable units in Brookville.
More people usually means more waiting lists.
Areas with the highest populations tend to have the most amount of waiting list opportunities.Cathy Watkins says:
"I’m just glad I could find Affordable Housing Online. If I can find a low-income rental, I can see retirement."