960 E B Mar Dr, Rensselaer, IN 47978
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2019 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $498 - 702 per Month† | 1 - 2 Beds | 1 Bath | 664 - 732 Sq Ft |
Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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 our Rensselaer Apartments you’ll experience a premier apartment home community. Our oversized floor plans are full of natural light and packed with features like tons of storage space and energy-efficient appliances. Our amenities are aimed at helping you meet your neighbors, and to making your life more convenient. No matter how you spend your time, our will fit your lifestyle with community space for gatherings, and so much more!
More importantly, living at Serenity Terrace Apartments means living in a community that is cared for by a friendly and professional management team. Our Rensselaer Indiana Apartment team is eager to help you make your home with us! Serenity Terrace Apartments is your direct avenue to better living!
Now there is a better way to live, work, and play in the heart of Rensselaer. Our Rensselaer Apartments are distinctively styled with the features and amenities we know you will love. Strategically designed, these generous spaces feature large closets, individual climate control and tasteful design features tailored to comfort living. Best of all, our generous management team is committed to making your experience enjoyable. Finally, an apartment home that provides space to feel inspired. Welcome home to your new Rensselaer Apartment.
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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your 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. LIHTC properties tend to have shorter waiting lists however, since Serenity Terrace has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 664ft2 | $498 $581† |
| 2 Bedroom (2/1) | 732ft2 | $569 $702† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,000 / year | $20,550 / year | $24,860 / year | $30,000 / year |
| 50% AMI for LIHTC Units | $29,950 / year | $34,200 / year | $38,500 / year | $42,750 / year |
| 50% AMI for PBRA Units | $29,950 / year | $34,200 / year | $38,500 / year | $42,750 / year |
| 60% AMI for LIHTC Units | $35,940 / year | $41,040 / year | $46,200 / year | $51,300 / year |
| 80% AMI for PBRA Units | $47,900 / year | $54,750 / year | $61,600 / year | $68,400 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Serenity Terrace have a waiting list?
Serenity Terrace 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 Serenity Terrace?
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 Serenity Terrace?
Serenity Terrace is managed by Kittle Property Group Inc headquartered in Indianapolis, IN.
In addition to Serenity Terrace, how many other affordable housing properties (and units) are there in Rensselaer?
In addition to Serenity Terrace, we list 5 other affordable properties in Rensselaer. Learn about these properties here. Our data research shows that there are a total of 201 affordable units in Rensselaer.
Check your waiting list status occasionally.
If you request it, housing agencies are required to confirm if you are still on a waiting list, and some may also state your current position.Joana Warren says:
"Affordable Housing Online is a good place to see which Section 8 waiting lists are open."