The Helen Louise on Washington

5822 East Washington Street, Indianapolis, IN 46219

Waiting List Forecast: Likely Short or None

check_circleVerified for 2018 by Cherie Dickerson, Lorena Bentley, Joshua Cappell

Rent	Beds	Baths	SqFt
$739 - 911 per Month^†	1 Bed	1 Bath	690 Sq Ft

Call (317) 740-3990 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.

Designer-inspired apartments at a price point that fits your budget is no longer a dream. At the Helen Louise, every apartment in this classic Edwardian-style building has been completely renovated with contemporary interiors, on-trend finishes and deluxe amenities that offer the charm and comfort every resident desires. From the stainless-steel appliances and tile backsplash in the kitchen to the eye-catching hardwood floors in select units, no detail has been overlooked to ensure you feel right at home. In addition, on-site surface parking and a central location in one of the city’s most walkable neighborhoods.

Dave's Thoughts On The Helen Louise on Washington

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 The Helen Louise on Washington 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

The Helen Louise on Washington Amenities

On-Site Parking
Stainless Steel Appliances
New and Renovated Interior
Resident Lounge

Units at The Helen Louise on Washington

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	690ft²	$739 $911^†

Income Qualification for The Helen Louise on Washington

*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 The Helen Louise on Washington

Does The Helen Louise on Washington have a waiting list?

The Helen Louise on Washington 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 The Helen Louise on Washington?

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 The Helen Louise on Washington?

The Helen Louise on Washington is managed by Tegethoff Management headquartered in Indianapolis, IN.

In addition to The Helen Louise on Washington, how many other affordable housing properties (and units) are there in Indianapolis?

In addition to The Helen Louise on Washington, 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.