901 Apache Drive, Peru, IN 46970
Waiting List Forecast: Likely Long or Closed
Verified for 2023 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1 Bath | 746 - 1,211 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.
At Arrowhead Estates, you'll enjoy country living at its best! The Community is nestled between fields and mature wooded scenery, complete with a stream! Dependable maintenance, friendly staff and located only minutes from Downtown Peru (offering great shopping and restaurants) are just a few of the reasons you'll want to call Arrowhead Estates your home!
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 Arrowhead Estates Phase II 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 |
|---|---|---|
| 2 Bedroom (2/1) | 746ft2 | Rent is Based On Your Income† |
| 2 Bedroom (2/1) | 747ft2 | Rent is Based On Your Income† |
| 2 Bedroom (2/1) | 961ft2 | Rent is Based On Your Income† |
| 3 Bedroom (3/1) | 1211ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $16,600 / year | $19,720 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year |
| 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 |
| 80% AMI for PBRA Units | $44,200 / year | $50,500 / year | $56,800 / year | $63,100 / year | $68,150 / year | $73,200 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Arrowhead Estates Phase II have a waiting list?
Arrowhead Estates Phase II 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 Arrowhead Estates Phase II?
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 Arrowhead Estates Phase II?
Arrowhead Estates Phase II is managed by Dominion Realty Inc headquartered in Indianapolis, Indiana.
In addition to Arrowhead Estates Phase II, how many other affordable housing properties (and units) are there in Peru?
In addition to Arrowhead Estates Phase II, we list 9 other affordable properties in Peru. Learn about these properties here. Our data research shows that there are a total of 441 affordable units in Peru.
When was the Arrowhead Estates Phase II listing last updated?
Arrowhead Estates Phase II listing on Affordable Housing Online was last updated on 02/17/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
2934 S 300 W, Peru, Indiana 46970
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