1312 E. Bunch Boulevard, Muncie, IN 47303
Waiting List Forecast: Likely Short or None
Verified for 2017 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 750 - 1,200 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.
Daley Apartments is a thirty-seven (37) unit community that is under the Low Income Housing Tax Credit Program. It resides on the banks of the White River near downtown Muncie. Each building consists of 12 units, four (4) of these units are handicap accessible.
There are one, two and three bedroom units. Each apartment has a washer and dryer, dishwasher, range, refrigerator, central air and are fully carpeted. The buildings have access control entries with an intercom system for each unit.
This community is the first inclusive, affordable, accessible housing complex in the nation, designed and developed with funds raised by persons with disabilities. Residents include individuals with hearing, physical, mental and developmental disabilities; as well as single parent families, elderly, young adults and persons without disabilities. As a part of the Section 42 Tax Credit Program, which is intended to make affordable housing available to lower-income persons and households, income limits apply based on the family size. Applicants must meet eligibility requirements of the program. Rents are restricted by the Section 42 program to make them affordable to low-income persons, but are not calculated according to the residents' incomes. However, persons with Section 8 certificates or vouchers are encouraged to apply.
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 Daley Apartments 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 |
|---|---|---|
| 1 Bedroom (1/1) | 750ft2 | Call for Price† |
| 2 Bedroom (2/2) | 1000ft2 | Call for Price† |
| 3 Bedroom (3/2) | 1200ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $27,650 / year | $31,600 / year | $35,550 / year | $39,450 / year | $42,650 / year | $45,800 / year |
| 50% AMI for PBRA Units | $27,650 / year | $31,600 / year | $35,550 / year | $39,450 / year | $42,650 / year | $45,800 / year |
| 60% AMI for LIHTC Units | $33,180 / year | $37,920 / year | $42,660 / year | $47,340 / year | $51,180 / year | $54,960 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Daley Apartments have a waiting list?
Daley Apartments 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 Daley Apartments?
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 Daley Apartments?
Daley Apartments is managed by Triangle Associates, Inc. headquartered in Indianapolis, Indiana.
In addition to Daley Apartments, how many other affordable housing properties (and units) are there in Muncie?
In addition to Daley Apartments, we list 125 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.
420 South High Street, Muncie, Indiana 47305
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