713 N. Purdum St. Kokomo, IN , Kokomo, IN 46901
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 492 - 912 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.
Sargent Place's primary focus is ending homelessness in Kokomo, Indiana. The development is a collaboration between Kokomo Housing Authority, Advantix Development Corporation, and Four County Counseling. Together, they serve the most at-risk population in Kokomo by identifying their needs, sheltering them permanently, and providing the resources for a successful life. All 35 units are fully furnished and project-based rental assistance is provided to each resident through IHCDA.
Because Sargent Place Trail Commons participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 492ft2 | Call for Price† |
| 2 Bedroom (2/2) | 687ft2 | Call for Price† |
| 3 Bedroom (3/2) | 912ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $27,650 / year | $31,600 / year | $35,550 / year | $39,450 / year | $42,650 / year | $45,800 / year |
| 50% AMI for PBRA Units | $27,650 / year | $31,600 / year | $35,550 / year | $39,450 / year | $42,650 / year | $45,800 / year |
| 60% AMI for LIHTC Units | $33,180 / year | $37,920 / year | $42,660 / year | $47,340 / year | $51,180 / year | $54,960 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Sargent Place Trail Commons have a waiting list?
Sargent Place Trail Commons 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 Sargent Place Trail Commons?
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 Sargent Place Trail Commons?
Sargent Place Trail Commons is managed by Advantix Development Corporation headquartered in Evansville, IN.
In addition to Sargent Place Trail Commons, how many other affordable housing properties (and units) are there in Kokomo?
In addition to Sargent Place Trail Commons, we list 23 other affordable properties in Kokomo. Learn about these properties here. Our data research shows that there are a total of 2165 affordable units in Kokomo.
400 North Washington Street, Kokomo, Indiana 46901
601-610 Ricketts Street and 124-1125 S. Union Street Kokomo, IN 46902, Kokomo, Indiana 46902
If you're a homeless veteran, contact your VA Medical Center.
You may have an opportunity to apply for a VASH voucher, which is a Section 8 voucher for homeless veterans.Takesha Powell says:
"Affordable Housing Online is a great resource that provides a lot of helpful links to get low-income and affordable housing."