Village Apartments of Fortville III

425 Vera Ct, Fortville, IN 46040

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
Call for Rents Floorplan Info Upon Request - -
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

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.

Dave's Thoughts On Village Apartments of Fortville III

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 Village Apartments of Fortville III 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Village Apartments of Fortville III

*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 7 people 8 people
50% AMI for LIHTC Units $33,850 / year $38,700 / year $43,550 / year $48,350 / year $52,250 / year $56,100 / year $60,000 / year $63,850 / year
50% AMI for PBRA Units $33,850 / year $38,700 / year $43,550 / year $48,350 / year $52,250 / year $56,100 / year $60,000 / year $63,850 / year
60% AMI for LIHTC Units $40,620 / year $46,440 / year $52,260 / year $58,020 / year $62,700 / year $67,320 / year $72,000 / year $76,620 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Village Apartments of Fortville III

Does Village Apartments of Fortville III have a waiting list?

Village Apartments of Fortville III 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 Village Apartments of Fortville III?

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.

In addition to Village Apartments of Fortville III, how many other affordable housing properties (and units) are there in Fortville?

In addition to Village Apartments of Fortville III, we list 5 other affordable properties in Fortville. Learn about these properties here. Our data research shows that there are a total of 64 affordable units in Fortville.

When was the Village Apartments of Fortville III listing last updated?

Village Apartments of Fortville III listing on Affordable Housing Online was last updated on 06/07/2024 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Village Apartments of Fortville III

Village Apartments Fortville

750 N Madison St, Fortville, Indiana 46040

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based

Jefferson Place Apartments

602 Bradley Dr, Fortville, Indiana 46040

bed 1-3
payment $1041-1409/mo.

410 E Ohio St

410 E Ohio St, Fortville, Indiana 46040

bed 2
payment $895/mo.

509 E Staat St

509 E Staat St, Fortville, Indiana 46040

bed 2
payment $895/mo.

509 Pebble Drive

509 Pebble Drive, Fortville, Indiana 46040

bed 3
payment $1700/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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