Capitol Station

7828 Madison Ave, Indianapolis, IN 46227

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2019 by Colleen Carter

Rent	Beds	Baths	SqFt
Call for Rents^†	1 Bed	1 Bath	-

Call (317) 889-8546 Email

Waitlist Forecast

Since this property is a Section 202 property and includes rental assistance, it will tend to have a longer 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.

At Capitol Station, each apartment has deadbolt locks, smoke detectors and fire-resistant construction. Also, there is a lighted parking area for your convenience.

Dave's Thoughts On Capitol Station

As a modern Section 202 property built after 1990, Capitol Station only allows seniors aged 62 or older. Older “Legacy” 202 properties (pre-1990) do allow younger persons with disabilities. Modern 202 properties tend to be in better physical condition primarily due to age. Section 202 properties include a rent subsidy, so you will only pay 30% of your income toward rent. To qualify, you will need to earn 50% of the Area Median Income or less. These properties often include a resident services coordinator that arranges services like healthcare management, transportation, and social activities. If you are a senior or have a senior in your household, and need services to maintain independent living, this property may be good for you. Since this property participates in the HUD 202 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

Capitol Station Amenities

Controlled Access
Laundry Room
On-Site Parking
Garbage Disposal
Utilities Included
Resident Service Coordinator
Game Room
Resident Activities
Wheel Chair Accessible
Individual heating and cooling systems

Units at Capitol Station

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price^†

Income Qualification for Capitol Station

*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
30% AMI for PBRA Units	$20,300 / year	$23,200 / year	$26,100 / year	$30,000 / year	$35,140 / year	$40,280 / year	$45,420 / year	$50,560 / year
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
80% AMI for PBRA Units	$54,150 / year	$61,900 / year	$69,650 / year	$77,350 / year	$83,550 / year	$89,750 / year	$95,950 / year	$102,150 / year

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

FAQs for Capitol Station

Does Capitol Station have a waiting list?

Capitol Station 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 Capitol Station?

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 Capitol Station?

Capitol Station is managed by United Church Homes, Inc. headquartered in Marion, OH.

In addition to Capitol Station, how many other affordable housing properties (and units) are there in Indianapolis?

In addition to Capitol Station, we list 612 other affordable properties in Indianapolis. Learn about these properties here. Our data research shows that there are a total of 22718 affordable units in Indianapolis.