181 N Elkhart Ave, Elkhart, IN 46516
Waiting List Forecast: Likely Long or Closed
Verified for 2020 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
Since this property may have HUD-funded Public Housing with subsidies that help pay tenants' rent, the property is likely to have a long waiting list. Housing authorities often open these waiting lists periodically. Important: Housing authorities don't always open housing waiting lists at a property-specific level or even allow applicants to choose at which property they can live. Many times, the housing authority will assign an applicant to a property without giving the applicant a choice.
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.
Construction on Riverside High-Rise was completed in 1981, making it EHA's newest property. At 7 stories and 147 apartments, Riverside is the largest of the 3 high-rises, by square footage. This property is ideally located on the banks of the St. Joseph River with walking paths to and through Lundquist Bicentennial Park, Island Park, High-Dive Park and downtown Elkhart. The peaceful outdoors setting is easy to enjoy from the gazebo on the community patio or the resident garden. Each floor offers a resident patio and light storage options, laundry and vending is located on the first floor. Riverside also offers a spacious community dining room & kitchen for resident or community events.
For resident safety, Riverside High-Rise is a secure building. All residents are issued a magnetic key to access the building. Contact the management office for more details of this property today!
This property is funded through HUD’s Public Housing program. These properties are typically owned and managed by a Public Housing Authority. These properties tend to be much older, as no new public housing has been built in many years. Since the Federal budget has historically (and notoriously) underfunded public housing renovations for decades, these properties tend to have higher vacancies due to uninhabitable units or liveable units that are in poor condition. In addition, since all public housing properties offer rent subsidies, low-income residents only pay rent based on their incomes. For that reason, these properties tend to have longer waiting lists. Check our public housing waiting list data for more information. Since Riverside Terrace participates in the Public Housing program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $16,800 / year | $19,720 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $28,000 / year | $32,000 / year | $36,000 / year | $39,950 / year | $43,150 / year | $46,350 / year | $49,550 / year | $52,750 / year |
| 50% AMI for PBRA Units | $28,000 / year | $32,000 / year | $36,000 / year | $39,950 / year | $43,150 / year | $46,350 / year | $49,550 / year | $52,750 / year |
| 80% AMI for PBRA Units | $44,750 / year | $51,150 / year | $57,550 / year | $63,900 / year | $69,050 / year | $74,150 / year | $79,250 / year | $84,350 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Riverside Terrace have a waiting list?
Riverside Terrace probably has a waiting list. Since our research has shown there are some public housing units at this property, the waiting list would be for those units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Riverside Terrace?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
In addition to Riverside Terrace, how many other affordable housing properties (and units) are there in Elkhart?
In addition to Riverside Terrace, we list 35 other affordable properties in Elkhart. Learn about these properties here. Our data research shows that there are a total of 2266 affordable units in Elkhart.
4353 Balsam Fir Ln, Elkhart, Indiana 46517
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