717 Franklin Street , Michigan City, IN 46360
Waiting List Forecast: Likely Short or None
Verified for 2019 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 2 Beds | 1 Bath | - |
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.
Artspace’s attention soon focused on the transformation of the Warren Building, a six-story office building dating from 1927. The tallest building in the nationally-designated Franklin Street Historic District, it is a seven story building with terrazzo floors, high ceilings and large windows.
Because Artspace Uptown Artist Lofts 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 |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $28,400 / year | $32,450 / year | $36,500 / year | $40,550 / year |
| 50% AMI for PBRA Units | $28,400 / year | $32,450 / year | $36,500 / year | $40,550 / year |
| 60% AMI for LIHTC Units | $34,080 / year | $38,940 / year | $43,800 / year | $48,660 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Artspace Uptown Artist Lofts have a waiting list?
Artspace Uptown Artist Lofts 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 Artspace Uptown Artist Lofts?
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 Artspace Uptown Artist Lofts?
Artspace Uptown Artist Lofts is managed by Artspace headquartered in Minneapolis, MN.
In addition to Artspace Uptown Artist Lofts, how many other affordable housing properties (and units) are there in Michigan City?
In addition to Artspace Uptown Artist Lofts, we list 21 other affordable properties in Michigan City. Learn about these properties here. Our data research shows that there are a total of 879 affordable units in Michigan City.
1200 Mallard Dr, Michigan City, Indiana 46360
909 Pinetree Ct, Michigan City, Indiana 46360
Increase your chances of getting on a waiting list.
You can apply to as many open waiting lists as you want! Look for online applications for easier access to more waiting lists.Ellie Ruedas says:
"Affordable Housing Online is the best way to keep informed on housing openings."