Centennial Townhomes

7936 Serenity Dr, Fort Wayne, Indiana 46816

Welcome to Centennial Townhomes where you can find safe, comfortable and affordable housing for your entire family. Renovated in 2014, our community features a collection of two- and three-bedroom townhomes and one-bedroom apartment homes on attractively landscaped grounds complete with green lawns and mature trees in a fenced complex.

Located just seven miles south of downtown Fort Wayne, our community is conveniently situated on a bus route making traveling to downtown Fort Wayne, with all its shopping and dining offerings, a breeze. Our professional staff looks forward to providing you with the highest standard of professional property management and are committed to improving the communities where we live and work. It's the perfect place to call home.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Income Based
2 Bedroom (2/1) - Income Based
3 Bedroom (3/1) - Income Based

Centennial Townhomes Details

  • 88 1, 2 and 3 bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Playground
  • Basketball Court
  • Computer Lab
  • Community Room
  • On-Site Parking
  • Landscaping
  • Laundry Facilities
  • Picnic Area

Unit Amenities

  • Cable Ready
  • Central Heat & Air
  • Laminate Flooring
  • Energy Efficient Appliances
  • Newly Remodeled Kitchens
  • Newly Remodeled Bathrooms

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Fort Wayne HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Fort Wayne but actual income limits may differ for units at Centennial Townhomes.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $16,650 $19,000 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% $27,700 $31,650 $35,600 $39,550 $42,750 $45,900 $49,050 $52,250
80% $44,350 $50,650 $57,000 $63,300 $68,400 $73,450 $78,500 $83,600

Fort Wayne Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Fort Wayne but actual income limits may differ for units at Centennial Townhomes.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $27,700 $31,650 $35,600 $39,550 $42,750 $45,900 $49,050 $52,250
Low Income (60%) $33,240 $37,980 $42,720 $47,460 $51,300 $55,080 $58,860 $62,700

Centennial Townhomes is managed by Monroe Group Ltd..

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