2705 Spicer Ln, Mishawaka, IN 46545
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 4 Beds | 2 Baths | 947 - 1,205 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.
Welcome to The Preserve at Fir Road, where you will find the best in modern apartment living at truly affordable prices. Visit and discover our inviting apartment homes, brimming with contemporary feautures that are all just an easy commute from work and play.
Apartment Feautures:
Full-size washer and dryer in every apartment
Spacious 2, 3, and 4 bedroom suites 2 full baths in every apartment
All-electric,energy efficient
Cable and phone connections
Patio or balcony with extra storage
Private entrance to every home
Community Features:
Garages and carports available
Courtyard with playground
Business center, conference room, computer lab, large community club room
Outdoor fitness stations
Fitness Center
Basketball Court
Swimming pool with splash park
Private exterior storage
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 Preserve at Fir Road 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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 |
|---|---|---|
| Two Bedroom (2/2) | 947ft2 | Call for Price† |
| Three Bedroom (3/2) | 1205ft2 | Call for Price† |
| Four Bedroom (4/2) | 1132ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $28,950 / year | $33,050 / year | $37,200 / year | $41,300 / year | $44,650 / year | $47,950 / year | $51,250 / year | $54,550 / year |
| 50% AMI for PBRA Units | $28,950 / year | $33,050 / year | $37,200 / year | $41,300 / year | $44,650 / year | $47,950 / year | $51,250 / year | $54,550 / year |
| 60% AMI for LIHTC Units | $34,740 / year | $39,660 / year | $44,640 / year | $49,560 / year | $53,580 / year | $57,540 / year | $61,500 / year | $65,460 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Preserve at Fir Road have a waiting list?
The Preserve at Fir Road 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 Preserve at Fir Road?
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 Preserve at Fir Road?
The Preserve at Fir Road is managed by Crestline Communities headquartered in Indianapolis, IN.
In addition to The Preserve at Fir Road, how many other affordable housing properties (and units) are there in Mishawaka?
In addition to The Preserve at Fir Road, we list 13 other affordable properties in Mishawaka. Learn about these properties here. Our data research shows that there are a total of 1344 affordable units in Mishawaka.
When was the The Preserve at Fir Road listing last updated?
The Preserve at Fir Road listing on Affordable Housing Online was last updated on 05/08/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
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