1837 S Ivy Ln, Vincennes, IN 47591
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $215 - 640 per Month† | 1 - 3 Beds | 1 - 2 Baths | 1 - 908 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.
Ivy Lane Apartments offer affordable family living in spacious one, two and three bedroom apartments. These apartments have fully equipped kitchens and are furnished with a washer and dryer. This community offers a playground, basketball court, and grilling area. They are conveniently close to schools and parks.
Ivy Lane is professionally managed and maintained by Valenti Real Estate Services Inc. Please contact the friendly staff for more information and to schedule a tour.
Because Ivy Lane Apartments 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. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 675ft2 | $215 $420† |
| 2 Bedroom (2/1) | 908ft2 | $250 $565† |
| 3 Bedroom (3/2) | 1ft2 | $280 $640† |
| 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 Ivy Lane Apartments have a waiting list?
Ivy Lane 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 Ivy Lane 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 Ivy Lane Apartments?
Ivy Lane Apartments is managed by Valenti Real Estate Services, Inc. headquartered in Indianapolis, Indiana.
In addition to Ivy Lane Apartments, how many other affordable housing properties (and units) are there in Vincennes?
In addition to Ivy Lane Apartments, we list 8 other affordable properties in Vincennes. Learn about these properties here. Our data research shows that there are a total of 684 affordable units in Vincennes.
When was the Ivy Lane Apartments listing last updated?
Ivy Lane Apartments listing on Affordable Housing Online was last updated on 01/02/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
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