East Terrace Project

739 Terrace Ave, Indianapolis, IN 46203

Waiting List Forecast: Likely Short or None

check_circleVerified for 2021 by Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	2 Beds	1 Bath	750 Sq Ft

Call (317) 667-1755

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 East Terrace Project

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 East Terrace Project 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 Layfield, Founder of Affordable Housing Online

East Terrace Project Amenities

On-Site Manager
Air Conditioning
Garbage Disposal
Refrigerator
Oven and Range
Water Trash and Sewer Included
On-Site Maintenance
Laundry Facilities
High Speed Internet Access
Courtyard
Picnic Area
Gas Included

Units at East Terrace Project

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/1)	750ft²	Call for Price^†

Income Qualification for East Terrace Project

*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	$33,850 / year	$38,700 / year	$43,550 / year	$48,350 / year
50% AMI for PBRA Units	$33,850 / year	$38,700 / year	$43,550 / year	$48,350 / year
60% AMI for LIHTC Units	$40,620 / year	$46,440 / year	$52,260 / year	$58,020 / year

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

FAQs for East Terrace Project

Does East Terrace Project have a waiting list?

East Terrace Project 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 East Terrace Project?

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 East Terrace Project?

East Terrace Project is managed by Milhaus headquartered in Indianapolis, IN.

In addition to East Terrace Project, how many other affordable housing properties (and units) are there in Indianapolis?

In addition to East Terrace Project, 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.