7401 Merganser Drive, Indianapolis, IN 46260
Waiting List Forecast: Likely Long or Closed
Verified for 2024 by Gene B. Glick Marketing, Ben D. Layfield, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 1.5 Bath | 700 - 1,200 Sq Ft |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
Woodlake Apartment and Townhomes is located on the Northside of Indianapolis, Indiana. At Woodlake, you can relax and enjoy country living in the city with meticulous landscaping, an abundance of mature trees and large private lakes. Attention to detail combined with spacious one, two, and three bedroom apartment homes make Woodlake a perfect choice that you will be proud to call home. We are located in the highly rated Washington Township School district with quick access to shopping, entertainment and dining in the Broad Ripple and Nora areas, just minutes from downtown Indianapolis. This community is managed by the Gene B. Glick Company.
This property participates in the Section 8 Project-Based Rental Assistance program meaning the rent for many, if not all, units is based on a tenant's income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. This property was also financed through a HUD-insured private mortgage meaning the owner has oversight from both a private bank and HUD. This usually means Woodlake Apartments is kept in good condition. Since this property has a project-based Section 8 contract, you won't need a Section 8 voucher to live here. If you have a voucher, you may have to give it up to live here.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 700ft2 | Call for Price† |
| 1 Bedroom Loft (1/1) | 830ft2 | Call for Price† |
| 2 Bedroom Townhouse (2/1.5) | 1000ft2 | Call for Price† |
| 2 Bedroom (2/1) | 900ft2 | Call for Price† |
| 3 Bedroom Townhouse (3/1.5) | 1200ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $20,300 / year | $23,200 / year | $26,100 / year | $30,000 / year | $35,140 / year | $40,280 / year |
| 50% AMI for LIHTC Units | $33,850 / year | $38,700 / year | $43,550 / year | $48,350 / year | $52,250 / year | $56,100 / year |
| 50% AMI for PBRA Units | $33,850 / year | $38,700 / year | $43,550 / year | $48,350 / year | $52,250 / year | $56,100 / year |
| 80% AMI for PBRA Units | $54,150 / year | $61,900 / year | $69,650 / year | $77,350 / year | $83,550 / year | $89,750 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Woodlake Apartments have a waiting list?
Woodlake Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Woodlake Apartments?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Woodlake Apartments?
Woodlake Apartments is managed by Gene B. Glick Company, Inc headquartered in Indianapolis, IN.
In addition to Woodlake Apartments, how many other affordable housing properties (and units) are there in Indianapolis?
In addition to Woodlake 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.
When was the Woodlake Apartments listing last updated?
Woodlake Apartments listing on Affordable Housing Online was last updated on 04/04/2024 by Gene B. Glick Marketing. Remember, a property's status can change so you should contact the property to confirm.
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