Cambridge Square Richmond

3800 S A St, Richmond, IN 47374

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2021 by Gene B. Glick Marketing, Colleen Carter

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Waitlist Forecast

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 Richmond, Indiana offering one bedroom apartment homes for those who are 62 years of age and older and for persons with disabilities. We are located off of S A Street, nestled between S 37th Street and Garwood Road. Transportation around Richmond is a breeze with convenient Rose City Transit stops located at each entrance of the community. 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 a business center, laundry facilities on site, social lounges and 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.

Dave's Thoughts On Cambridge Square Richmond

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 Richmond 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

Income Qualification for Cambridge Square Richmond

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

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.

FAQs for Cambridge Square Richmond

Does Cambridge Square Richmond have a waiting list?

Cambridge Square Richmond 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 Richmond?

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 Richmond?

Cambridge Square Richmond is managed by Gene B. Glick Company, Inc headquartered in Indianapolis, IN.

In addition to Cambridge Square Richmond, how many other affordable housing properties (and units) are there in Richmond?

In addition to Cambridge Square Richmond, we list 30 other affordable properties in Richmond. Learn about these properties here. Our data research shows that there are a total of 1445 affordable units in Richmond.