5910 E. 12th St, Indianapolis, IN 46219
Waiting List Forecast: Likely Short or None
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $366 - 841 per Month† | 1 - 2 Beds | 1 Bath | 720 - 932 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.
Preston Pointe Apartments is the newest Senior Apartment community in Indianapolis, Indiana. Our Senior Apartments in Indianapolis are a gated and controlled access building. Preston Pointe Apartments is conveniently located near 12th Street and Arlington Avenue. The beautiful grounds feature a bark park, sitting areas, and a picnic area. Units include the following great amenities: spacious floor plans, new appliances and ceiling fans. Call today for details!
Now there is a better way to live, work, and play in the heart of Indianapolis. Our Senior Apartments in Indianapolis are distinctively styled with the features and amenities we know you will love. Strategically designed, these generous spaces feature large closets, individual climate control and tasteful design features tailored to comfort living. Best of all, our generous management team is committed to making your experience enjoyable. Finally, an apartment home that provides space to feel inspired. Welcome home to your new Indianapolis Senior Apartment.
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 Preston Pointe Apartments 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Escape (1 Bedroom) (1/1) | 720ft2 | $366 $614† |
| Tranquility (2 Bedroom) (2/1) | 932ft2 | $429 $841† |
| 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 Preston Pointe Apartments have a waiting list?
Preston Pointe Apartments 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 Preston Pointe Apartments?
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 Preston Pointe Apartments?
Preston Pointe Apartments is managed by Kittle Property Group Inc headquartered in Indianapolis, IN.
In addition to Preston Pointe Apartments, how many other affordable housing properties (and units) are there in Indianapolis?
In addition to Preston Pointe Apartments, 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.
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