Illinois Street Senior

1352 NORTH ILLINOIS ST , Indianapolis, Indiana 46202

Contact Illinois Street Senior

The convenience of living near the heart of downtown Indianapolis is amplified by ease of transportation, every apartment has access to a parking space and the community bicycle hub, and Illinois Street Senior is located on an active bus route as well. Nothing can slow you down.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	450	$401
One Bedroom (1/1)	680	$402
Two Bedroom (2/1)	900	$620

Eligibility for Illinois Street Senior

Illinois Street Senior Details

63 studio, one and two bedroom units.
Section 202 Supportive Housing for the Elderly
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Elevator
Fitness Center
Community Room
Business Center
On-Site Manager
Off-Street Parking
Community Garden

Unit Amenities

Dishwasher
Garbage Disposal
Walk-in Closet(s)

Office Hours

Day	Hours
Tuesday	10:00am-5:00pm
Wednesday	10:00am-5:00pm
Thursday	10:00am-5:00pm

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.