Lake Park Senior Apartments

51 10th Street West, Hobart, IN 46342

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
$550 - 1,450 per Month 1 - 2 Beds 1 Bath -
check_circle  Senior (62+)
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Pets Allowed

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.

These newly built 1 and 2 bedroom apartments include one three-story building and nine one-story villa buildings with attached garages.  Imagine all the fun you will have growing fruit and vegetables in the community’s raised garden beds!

Dave's Thoughts On Lake Park Senior Apartments

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 Lake Park Senior Apartments 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.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Lake Park Senior Apartments Amenities

  • Fitness Center
  • Community Room
  • 24hr Emergency Maintenance
  • Gazebo
  • Air Conditioning
  • Dishwasher
  • Garbage Disposal
  • Community Garden
  • Washer and Dryer Included
  • Private Patios
  • Electric Range

Units at Lake Park Senior Apartments

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - $550 $1,250
Two Bedroom (2/1) - $660 $1,450

Income Qualification for Lake Park Senior Apartments

*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
50% AMI for LIHTC Units $31,300 / year $35,750 / year $40,200 / year $44,650 / year
50% AMI for PBRA Units $31,300 / year $35,750 / year $40,200 / year $44,650 / year
60% AMI for LIHTC Units $37,560 / year $42,900 / year $48,240 / year $53,580 / year

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

FAQs for Lake Park Senior Apartments

Does Lake Park Senior Apartments have a waiting list?

Lake Park Senior Apartments 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 Lake Park Senior Apartments?

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 Lake Park Senior Apartments?

Lake Park Senior Apartments is managed by Real America headquartered in Indianapolis, Indiana.

In addition to Lake Park Senior Apartments, how many other affordable housing properties (and units) are there in Hobart?

In addition to Lake Park Senior Apartments, we list 9 other affordable properties in Hobart. Learn about these properties here. Our data research shows that there are a total of 170 affordable units in Hobart.

Listings Near Lake Park Senior Apartments

Kirby Manor Apartments

402 W. 14th St., Hobart, Indiana 46342

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based

Linden House Hobart

360 W 61st Ave, Hobart, Indiana 46342

payment Subsidized
elderly Senior
accessibility Accessible

Hampshire Park

400 N Lake Park Ave, Hobart, Indiana 46342

bed 2
payment $1229/mo.

Haven Hobart

333 Neringa Ln, Hobart, Indiana 46342

bed 1-2
payment $934-1140/mo.

3329 Michigan St Unit 3329 Michigan #3 - Basement

3329 Michigan St Unit 3329 Michigan #3 - Basement, Hobart, Indiana 46342

bed 1
payment $795/mo.

416 McKinley Ave

416 McKinley Ave, Hobart, Indiana 46342

bed 3
payment $1495/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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