Overlook at the Fairground

1720 E 38TH ST, Indianapolis, IN 46218

Waiting List Forecast: Likely Short or None

check_circleVerified for 2021 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 2 Beds	1 Bath	675 - 950 Sq Ft

Call (317) 737-1400

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.

The Overlook at the Fairgrounds apartments is located in Center Township on the northeast side of Indianapolis, Indiana. The former Homer J Williamson Chocolate Factory will be converted into 56 units and a fourth floor of new construction will be added to enhance the quality of the building and adapt to the current architectural needs of the neighborhood. The development site will offer multiple one and two bedroom floor plans while exceeding the required minimum ADA units.

Project-Based Vouchers

Dave's Thoughts On Overlook at the Fairground

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 Overlook at the Fairground 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

Overlook at the Fairground Amenities

Fitness Center
Balconies or Patios Available

Units at Overlook at the Fairground

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	675ft²	Call for Price^†
2 Bedroom (2/1)	950ft²	Call for Price^†

Income Qualification for Overlook at the Fairground

*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
30% AMI for PBRA Units	$20,300 / year	$23,200 / year	$26,100 / year	$30,000 / year
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
80% AMI for PBRA Units	$54,150 / year	$61,900 / year	$69,650 / year	$77,350 / year

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

FAQs for Overlook at the Fairground

Does Overlook at the Fairground have a waiting list?

Overlook at the Fairground 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 Overlook at the Fairground?

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 Overlook at the Fairground?

Overlook at the Fairground is managed by BWI, LLC headquartered in Indianapolis, Indiana.

In addition to Overlook at the Fairground, how many other affordable housing properties (and units) are there in Indianapolis?

In addition to Overlook at the Fairground, we list 319 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.