420 S.E. 10th Street, Evansville, IN 46201
Waiting List Forecast: Closed
Verified for 2024 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 2 Baths | 876 - 1,128 Sq Ft |
Rental Assistance Demonstration (RAD) Waiting List
The Housing Authority of the City of Evansville (HACE) has completed the conversion of properties under the Rental Assistance Demonstration (RAD) program. Applications for RAD properties are now managed through individual property management companies.
For information about future openings or to inquire about specific RAD properties, contact HACE at (812) 435-2602 or visit their office at 520 N.W. 5th Street, Evansville, IN 47708.
Go to the public housing authority page for this waiting list >>
Evansville Townhomes preserves and rehabs 30 units of existing scattered site housing throughout the city of Evansville and creates 30 new apartments units in one multi-story building. The new affordable community buiilding is located near downtown Evansville in the Old Erie neighborhood. All single family homes are 3 bedroom units and the apartments are 2 or 3 bedroom units.
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 Evansville Townhomes I & II 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 |
|---|---|---|
| 2 Bedroom (2/2) | 876ft2 | Call for Price† |
| 3 Bedroom (3/2) | 1128ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $30,600 / year | $34,950 / year | $39,300 / year | $43,650 / year | $47,150 / year | $50,650 / year |
| 50% AMI for PBRA Units | $30,600 / year | $34,950 / year | $39,300 / year | $43,650 / year | $47,150 / year | $50,650 / year |
| 60% AMI for LIHTC Units | $36,720 / year | $41,940 / year | $47,160 / year | $52,380 / year | $56,580 / year | $60,780 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Evansville Townhomes I & II have a waiting list?
Evansville Townhomes I & II has a waiting list. See above for waiting list details.
Are rents subsidized at Evansville Townhomes I & II?
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 Evansville Townhomes I & II?
Evansville Townhomes I & II is managed by Advantix Development Corporation headquartered in Evansville, IN.
In addition to Evansville Townhomes I & II, how many other affordable housing properties (and units) are there in Evansville?
In addition to Evansville Townhomes I & II, we list 46 other affordable properties in Evansville. Learn about these properties here. Our data research shows that there are a total of 3364 affordable units in Evansville.
When was the Evansville Townhomes I & II listing last updated?
Evansville Townhomes I & II listing on Affordable Housing Online was last updated on 01/23/2024 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
5308 Eden Drive, Evansville, Indiana 47715
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