225 Fairington Ct, Lafayette, IN 47905
Waiting List Forecast: Likely Long or Closed
Verified for 2020 by Gene B. Glick Marketing, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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.
Fairington Apartments is an affordable community in Lafayette, Indiana, offering one bedroom apartment homes for those who are 62 years of age or older and for persons with disabilities. Our community is a federally subsidized apartment community with rents and eligibility are determined by government regulations. Fairington Apartments offers several community amenities including a beautiful clubhouse, walking paths, and laundry facilities in each building. Our apartment homes feature abundant storage, a balcony or patio, emergency pull cords and spacious living and dining rooms. 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 Fairington Apartments Lafayette 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
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $17,600 / year | $20,100 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $29,300 / year | $33,500 / year | $37,700 / year | $41,850 / year | $45,200 / year | $48,550 / year | $51,900 / year | $55,250 / year |
| 50% AMI for PBRA Units | $29,300 / year | $33,500 / year | $37,700 / year | $41,850 / year | $45,200 / year | $48,550 / year | $51,900 / year | $55,250 / year |
| 80% AMI for PBRA Units | $46,900 / year | $53,600 / year | $60,300 / year | $66,950 / year | $72,350 / year | $77,700 / year | $83,050 / year | $88,400 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Fairington Apartments Lafayette have a waiting list?
Fairington Apartments Lafayette 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 Fairington Apartments Lafayette?
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 Fairington Apartments Lafayette?
Fairington Apartments Lafayette is managed by Gene B. Glick Company, Inc headquartered in Indianapolis, IN.
In addition to Fairington Apartments Lafayette, how many other affordable housing properties (and units) are there in Lafayette?
In addition to Fairington Apartments Lafayette, we list 60 other affordable properties in Lafayette. Learn about these properties here. Our data research shows that there are a total of 2091 affordable units in Lafayette.
3791 Winston Dr, Lafayette, Indiana 47905
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