8905 Evergreen Ave, Indianapolis, IN 46240
Waiting List Forecast: Likely Short or None
Verified for 2018 by Colleen Carter, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $776 - 1,082 per Month† | 1 - 2 Beds | 1 - 2 Baths | 742 - 1,042 Sq Ft |
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.
Our Indianapolis Senior Apartments For Rent have some of the best staff and residents in Indianapolis, Indiana! Browse our amenities list to get to know the property, visit and see what great apartment features look like. Within the historical town of Indianapolis, Indiana, our residents enjoy being within walking distance of grocery stores and restaurants. We’re excited to show our Indianapolis Senior Apartments off! Experience our excellent staff that will help your Nora Commons On The Monon Senior Apartments experience be as smooth as possible.
At Nora Commons On The Monon Senior Apartments we welcome the whole family, even your cat. Our apartment homes are located close to parks, and near local pet supply shops. Please view our pet policy page for more information.
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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 Nora Commons on the Monon 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Westfield (1 Bedroom) (1/1) | 742ft2 | $776 $912† |
| Delaware (2 Bedroom) (2/1) | 1008ft2 | $845 $1,082† |
| Meridian (2 Bedroom) (2/2) | 1042ft2 | $845 $1,082† |
| 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.
Does Nora Commons on the Monon have a waiting list?
Nora Commons on the Monon 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 Nora Commons on the Monon?
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 Nora Commons on the Monon?
Nora Commons on the Monon is managed by Kittle Property Group Inc headquartered in Indianapolis, IN.
In addition to Nora Commons on the Monon, how many other affordable housing properties (and units) are there in Indianapolis?
In addition to Nora Commons on the Monon, 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.
940 Wild Indigo Ln, Indianapolis, Indiana 46227
3402 N Meridian St, Indianapolis, Indiana 46208
3347 North Emerson Avenue, Indianapolis, Indiana 46218
Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Shirley Toran says:
"Affordable Housing Online is very good at keeping me informed on new and future dates for waiting list applications."