Memorial Lofts

535 Lincoln Ave & 1050 Bayard Park Dr, Evansville, IN 47713

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Joshua Cappell
Rent Beds Baths SqFt
Call for Rents 1 - 3 Beds 1 Bath -

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.

Memorial Lofts is an affordable apartment complex that offers 1,2 and 3 bedroom units.

Dave's Thoughts On Memorial Lofts

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 Memorial Lofts 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Memorial Lofts Amenities

  • Energy Efficient Design

Units at Memorial Lofts

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price
3 Bedroom (3/1) - Call for Price

Income Qualification for Memorial Lofts

*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
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.

FAQs for Memorial Lofts

Does Memorial Lofts have a waiting list?

Memorial Lofts 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 Memorial Lofts?

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 Memorial Lofts?

Memorial Lofts is managed by Memorial Community Development Corporation headquartered in Evansville, IN.

In addition to Memorial Lofts, how many other affordable housing properties (and units) are there in Evansville?

In addition to Memorial Lofts, we list 107 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 Memorial Lofts listing last updated?

Memorial Lofts listing on Affordable Housing Online was last updated on 02/23/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Memorial Lofts

Eastland Apartments

5308 Eden Drive, Evansville, Indiana 47715

bed 1-2
payment $54-107/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Carriage House of Evansville

5300 Carriage Drive, Evansville, Indiana 47715

bed 1-3
payment Subsidized

Dalehaven Estates Apartments

3700 Justus Ct, Evansville, Indiana 47714

bed 1-4
payment Subsidized

Arbors at Eastland

6649 Old Boonville Hwy, Evansville, Indiana 47715

switch_access_shortcut Short Wait
accessibility Accessible

Horizon Homes

1450 Luther Sq, Evansville, Indiana 47714

payment Subsidized
accessibility Accessible

Buena Vista Apartments

1210 Vista Ct, Evansville, Indiana 47710

payment Subsidized
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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