One Penrose Place

9115 Hawkins Road, Lawrence, IN 46216

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Colleen Carter

Rent	Beds	Baths	SqFt
$538 - 799 per Month^†	1 - 2 Beds	1 Bath	678 - 875 Sq Ft

Call (317) 543-9848 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.

This newly constructed three-story 55+ community consists of 45 beautiful apartment homes, with full elevator access. Choose from one of our modern open floor plans: a one-bedroom, one-bath or two-bedroom, one-bath apartment. All homes were designed with attention to detail such as front-loading washers and dryers, living and dining area, and spacious kitchen. Additionally, ample storage is provided in each residence, including a coat closet, linen closet, pantry, laundry room and walk-in closets in all bedrooms. Our building is smoke-free and environmentally friendly. Join the fun and friendly community here at One Penrose Place. Pets are always welcome! Please call for more information today!

Dave's Thoughts On One Penrose Place

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 One Penrose Place 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

One Penrose Place Amenities

Controlled Access
Elevator
Fitness Center
Community Room
Business Center
Garage
Central Air
Smoke Free
High Speed Internet Access
Picnic Area

Units at One Penrose Place

Unit (Bd/Ba)	Ft²	Rent
The Harrison (1/1)	678ft²	$538 $666^†
The Lawrence (2/1)	875ft²	$646 $799^†

Income Qualification for One Penrose Place

*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
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.

FAQs for One Penrose Place

Does One Penrose Place have a waiting list?

One Penrose Place 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 One Penrose Place?

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 One Penrose Place?

One Penrose Place is managed by Miller Valentine Group

In addition to One Penrose Place, how many other affordable housing properties (and units) are there in Lawrence?

In addition to One Penrose Place, we list 2 other affordable properties in Lawrence. Learn about these properties here. Our data research shows that there are a total of 105 affordable units in Lawrence.