Community Place

1201 Community Pl, Indianapolis, IN 46227

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	2 - 4 Beds	1 - 2.5 Baths	1 - 923 Sq Ft

Call (317) 882-3956 Email

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.

Community Place is the place to be on the south side of Indianapolis. At Community Place, you’ll find yourself within walking distance of Community South Hospital, Greenwood Park Mall, a variety of fine restaurants and your favorite entertainment spots. Our well-designed two and three bedroom apartments and four bedroom townhome with attached garage, were designed for spacious living. Community Place is conveniently located just minutes from Downtown Indianapolis with convenient interstate a

Dave's Thoughts On Community Place

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 Community Place 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 Layfield, Founder of Affordable Housing Online

Community Place Amenities

Playground
Air Conditioning
Handicapped Accessible
Dishwasher
Garbage Disposal
Cable Ready
Hardwood Floors
Storage
Refrigerator
Washer and Dryer Included
New and Renovated Interior

Units at Community Place

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/1)	767ft²	Call for Price^†
3 Bedroom (3/1.5)	923ft²	Call for Price^†
4 Bedroom (4/2.5)	1ft²	Call for Price^†

Income Qualification for Community Place

*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 Community Place

Does Community Place have a waiting list?

Community Place 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 Community Place?

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 Community Place, how many other affordable housing properties (and units) are there in Indianapolis?

In addition to Community Place, 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.