3555 Spy Run Ave. Exd. Fort Wayne, IN , Fort Wayne, IN 46805
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | - |
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.
River’s Edge is a new construction of a 56-unit, service-enriched apartment complex. It's a new apartment building for people who are able to live independently yet will thrive with the benefits of permanent, affordable and supportive housing. River’s Edge incorporates a mixture of one- and two-bedroom units, providing a range of housing options. All of the units are made available to chronically homeless households and homeless households who are also living with a disability, or who are frequent users of emergency services, and are earning less than 60% of the area median income.
Because River's Edge participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $29,300 / year | $33,500 / year | $37,700 / year | $41,850 / year |
| 50% AMI for PBRA Units | $29,300 / year | $33,500 / year | $37,700 / year | $41,850 / year |
| 60% AMI for LIHTC Units | $35,160 / year | $40,200 / year | $45,240 / year | $50,220 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does River's Edge have a waiting list?
River's Edge 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 River's Edge?
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 River's Edge?
River's Edge is managed by UPHOLDINGS, LLC headquartered in Chicago, IL.
In addition to River's Edge, how many other affordable housing properties (and units) are there in Fort Wayne?
In addition to River's Edge, we list 64 other affordable properties in Fort Wayne. Learn about these properties here. Our data research shows that there are a total of 5791 affordable units in Fort Wayne.
When was the River's Edge listing last updated?
River's Edge listing on Affordable Housing Online was last updated on 01/01/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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