110 N. Main St., Martinsville, IN 46151
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 2 Beds | 1 - 2 Baths | 536 - 1,088 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.
The Retreat at Mineral Springs are close to historic downtown Martinsville, known for the Mineral Springs. The office is across from the Historic Court house, and just down the street from the Post office and close to banks. Also, near are J&Ks Cheesecake, along with some other wonderful restaurants, such as Mexican, BBQ and just old time home cooking.
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 Retreat at Mineral Springs 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 536ft2 | Call for Price† |
| One Bedroom (1/1) | 620ft2 | Call for Price† |
| Two Bedroom (2/2) | 1088ft2 | Call for Price† |
| 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.
Does The Retreat at Mineral Springs have a waiting list?
The Retreat at Mineral Springs 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 Retreat at Mineral Springs?
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 Retreat at Mineral Springs?
The Retreat at Mineral Springs is managed by Flaherty & Collins headquartered in Indianapolis, IN.
In addition to The Retreat at Mineral Springs, how many other affordable housing properties (and units) are there in Martinsville?
In addition to The Retreat at Mineral Springs, we list 12 other affordable properties in Martinsville. Learn about these properties here. Our data research shows that there are a total of 410 affordable units in Martinsville.
When was the The Retreat at Mineral Springs listing last updated?
The Retreat at Mineral Springs listing on Affordable Housing Online was last updated on 08/04/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
460 W Ellen St, Martinsville, Indiana 46151
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