Water Towers Place Apartments

320 La Salle St, Elkhart, IN 46516

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Joshua Cappell
Rent Beds Baths SqFt
Call for Rents Floorplan Info Upon Request - -
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

Waitlist Forecast

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.

Dave's Thoughts On Water Towers Place Apartments

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 Water Towers Place 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Water Towers Place Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people
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
60% AMI for LIHTC Units $33,600 / year $38,400 / year $43,200 / year $47,940 / year $51,780 / year $55,620 / year $59,460 / year $63,300 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Water Towers Place Apartments

Does Water Towers Place Apartments have a waiting list?

Water Towers Place 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 Water Towers Place 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.

In addition to Water Towers Place Apartments, how many other affordable housing properties (and units) are there in Elkhart?

In addition to Water Towers Place Apartments, we list 33 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.

When was the Water Towers Place Apartments listing last updated?

Water Towers Place Apartments listing on Affordable Housing Online was last updated on 06/07/2024 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Water Towers Place Apartments

Ashton Pines Apartment Homes

4353 Balsam Fir Ln, Elkhart, Indiana 46517

bed 1-4
payment $656-910/mo.

Stratford Commons

2601 Oakland Ave, Elkhart, Indiana 46517

bed 1-2

Gardenview Senior Apartments

1119 N Main St, Elkhart, Indiana 46514

bed 1-2

The Overlook

58720 Vista Blvd, Elkhart, Indiana 46517

Town and Country Apartments

1221 Georgia Blvd, Elkhart, Indiana 46514

227 Doctor M.L.K. Jr Dr

227 Doctor M.L.K. Jr Dr, Elkhart, Indiana 46516

bed 2
payment $1100/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.