501 Madison St, Gary, IN 46402
Waiting List Forecast: Likely Long or Closed
Verified for 2022 by PK Management LLC| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 Bath | 384 - 1,144 Sq Ft |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
Gary V Apartments is an affordable community. They offer 1, 2, and 3 bedroom floor plans. Contact the property for current availability. Rent is based on income. Waitlist placement and income limit restrictions may apply. Amenities and features: appliances included, community room, laundry facility, off-street parking, and more! Applicants should bring the following documentation: original birth certificate(s), original social security card(s), current government issued photo I.D.(s) for anyone 18 years of age or older, proof of income/pay stubs. Equal Housing Opportunity.
Since Gary NSA V participates in the Section 8 Project-Based Rental Assistance program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 384ft2 | Rent is Based On Your Income† |
| 2 Bedroom (2/1) | 1109ft2 | Rent is Based On Your Income† |
| 3 Bedroom (3/1) | 1144ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,800 / year | $21,450 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year |
| 50% AMI for LIHTC Units | $31,300 / year | $35,750 / year | $40,200 / year | $44,650 / year | $48,250 / year | $51,800 / year |
| 50% AMI for PBRA Units | $31,300 / year | $35,750 / year | $40,200 / year | $44,650 / year | $48,250 / year | $51,800 / year |
| 80% AMI for PBRA Units | $50,050 / year | $57,200 / year | $64,350 / year | $71,450 / year | $77,200 / year | $82,900 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Gary NSA V have a waiting list?
Gary NSA V probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Gary NSA V?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Gary NSA V?
Gary NSA V is managed by PK Management, LLC headquartered in Cleveland, OH.
In addition to Gary NSA V, how many other affordable housing properties (and units) are there in Gary?
In addition to Gary NSA V, we list 98 other affordable properties in Gary. Learn about these properties here. Our data research shows that there are a total of 5354 affordable units in Gary.
Do you have little or no income?
You can qualify for most rental assistance programs, including Section 8 and Public Housing, even if you have little or no income.LMarie Murphy says:
"This website is very user friendly, and offers important information. It really helps to feel empowered when you have never done this process before. Thank you Affordable Housing Online!"