303 Waterfall Dr, Elkhart, IN 46516
Waiting List Forecast: Likely Long or Closed
Verified for 2020 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | - |
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.
With it's completion in 1970, Waterfall High-Rise is celebrating over 45 years of operation. This 10 story building is the tallest of all of EHA's properties and houses a mixture of 1 and 2 bedroom apartments. Along with a total of 127 apartments, Waterfall High-Rise offers open balconies on floors 2-10 and a community center ideally suited for birthday celebrations and community meetings. Property management offices, laundry and vending are located on the first floor. Not only does Waterfall offer close proximity to a host of retail options, it is centrally located to Elkhart's Riverwalk and the NIBCO Water & Ice Park. For resident safety, Waterfall High-Rise is a secure building. All residents are issued a magnetic key to access the building.
Waterfall is a perfect home for residents that enjoy being located close to downtown Elkhart. Management staff is looking forward to scheduling your visit to this property.
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 Waterfall Hi - Rise 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom One Bath (1/1) | - | Call for Price† |
| Two Bedroom One Bath (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $16,800 / year | $19,720 / year | $24,860 / year | $30,000 / year |
| 50% AMI for LIHTC Units | $28,000 / year | $32,000 / year | $36,000 / year | $39,950 / year |
| 50% AMI for PBRA Units | $28,000 / year | $32,000 / year | $36,000 / year | $39,950 / year |
| 80% AMI for PBRA Units | $44,750 / year | $51,150 / year | $57,550 / year | $63,900 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Waterfall Hi - Rise have a waiting list?
Waterfall Hi - Rise 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 Waterfall Hi - Rise?
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 Waterfall Hi - Rise, how many other affordable housing properties (and units) are there in Elkhart?
In addition to Waterfall Hi - Rise, we list 19 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.
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.Ivette Betancourt says:
"Affordable Housing Online is a helpful website that can benefit many families looking for a decent affordable home."