420 South High Street, Muncie, IN 47305
Waiting List Forecast: Likely Short or None
Verified for 2018 by Colleen Carter, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $460 - 774 per Month† | 1 - 2 Beds | 1 Bath | 774 - 986 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 historic Roberts Hotel has been transformed into The Lofts at Roberts, a new community of one- and two-bedroom apartment homes for adults 55 and over. The Lofts at Roberts offers many amenities including a grand multipurpose room with kitchen, fitness center, computer room, community rooms on each floor and even an onsite movie theater. With a fun community, great location, and intriguing history, what's not to love about The Lofts at Roberts? Our building is smoke-free and environmentally friendly. Contact us to reserve your next place to live today!
Because The Lofts at Roberts 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 |
|---|---|---|
| The Pershing (1/1) | 774ft2 | $460 $774† |
| The Liberty (2/1) | 986ft2 | $574 $703† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $27,650 / year | $31,600 / year | $35,550 / year | $39,450 / year |
| 50% AMI for PBRA Units | $27,650 / year | $31,600 / year | $35,550 / year | $39,450 / year |
| 60% AMI for LIHTC Units | $33,180 / year | $37,920 / year | $42,660 / year | $47,340 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Lofts at Roberts have a waiting list?
The Lofts at Roberts 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 Lofts at Roberts?
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 Lofts at Roberts?
The Lofts at Roberts is managed by Miller Valentine Group
In addition to The Lofts at Roberts, how many other affordable housing properties (and units) are there in Muncie?
In addition to The Lofts at Roberts, 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.
Do you have little or no income?
You can qualify for most rental assistance programs, including Section 8 and Public Housing, even if you have little or no income.Bianca Gonalez says:
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