1601 E McGalliard Rd, Muncie, IN 47303
Waiting List Forecast: Likely Long or Closed
Verified for 2021 by Gene B. Glick Marketing, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | 621 Sq Ft |
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.
Cambridge Square is an affordable apartment community in Muncie, Indiana offering one bedroom apartment homes for those who are 50 years of age and older and for persons with disabilities. Our community is a federally subsidized apartment community with rents and eligibility are determined by government regulations. Cambridge Square provides well maintained, beautifully landscape grounds and professional on-site office and maintenance service teams. We offer several community amenities; including BBQ/picnic area, laundry facilities on site, as well as a Service Coordinator. The apartment homes feature spacious closets, semi-fenced in patios and several paid utilities. 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 Cambridge Square Muncie 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 621ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $16,600 / year | $19,720 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $27,650 / year | $31,600 / year | $35,550 / year | $39,450 / year | $42,650 / year | $45,800 / year | $48,950 / year | $52,100 / year |
| 50% AMI for PBRA Units | $27,650 / year | $31,600 / year | $35,550 / year | $39,450 / year | $42,650 / year | $45,800 / year | $48,950 / year | $52,100 / year |
| 80% AMI for PBRA Units | $44,200 / year | $50,500 / year | $56,800 / year | $63,100 / year | $68,150 / year | $73,200 / year | $78,250 / year | $83,300 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cambridge Square Muncie have a waiting list?
Cambridge Square Muncie 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 Cambridge Square Muncie?
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 Cambridge Square Muncie?
Cambridge Square Muncie is managed by Gene B. Glick Company, Inc headquartered in Indianapolis, IN.
In addition to Cambridge Square Muncie, how many other affordable housing properties (and units) are there in Muncie?
In addition to Cambridge Square Muncie, we list 24 other affordable properties in Muncie. Learn about these properties here. Our data research shows that there are a total of 1315 affordable units in Muncie.
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