10225 Stage Coach Trl, Fishers, IN 46037
Waiting List Forecast: Likely Short or None
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $643 - 975 per Month† | 1 - 3 Beds | 1 - 2 Baths | 1 - 833 Sq Ft |
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.
Welcome to Cumberland Crossing Apartments. Fishers' most affordable apartment community. Conveniently located east of 116th Street & I-69. Enjoy abundant storage space, with beautifully designed walk-in closets and modern kitchens with dishwashers, self-cleaning ovens and private storage. They offer one (1), two (2), and three (3) bedroom floor plans. All apartments are available in either an upstairs or downstairs design, with lake views available. You will also enjoy the onsite pool, playground, walking trail, and picnic area. All of these apartment homes offer both front and back patios or balconies as well as large bathrooms and full size washer and dryer connections.
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 Cumberland Crossing 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 833ft2 | $643 $715† |
| 2 Bedroom (2/1) | 1ft2 | $780 $835† |
| 3 Bedroom (3/2) | 1ft2 | $905 $975† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $33,850 / year | $38,700 / year | $43,550 / year | $48,350 / year | $52,250 / year | $56,100 / year |
| 50% AMI for PBRA Units | $33,850 / year | $38,700 / year | $43,550 / year | $48,350 / year | $52,250 / year | $56,100 / year |
| 60% AMI for LIHTC Units | $40,620 / year | $46,440 / year | $52,260 / year | $58,020 / year | $62,700 / year | $67,320 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cumberland Crossing have a waiting list?
Cumberland Crossing 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 Cumberland Crossing?
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 Cumberland Crossing?
Cumberland Crossing is managed by Pedcor Management headquartered in Carmel, Indiana.
In addition to Cumberland Crossing, how many other affordable housing properties (and units) are there in Hamilton County?
In addition to Cumberland Crossing, we list 17 other affordable properties in Hamilton County. Learn about these properties here. Our data research shows that there are a total of 1414 affordable units in Hamilton County.
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