The Lawrence Senior Apartments is managed by TWG Development.
The Lawrence Senior Apartments are located in the historic Lawrence Senior High School in Lawrence, Indiana. The school building was built in the 1920’s and is on the Indiana State Register of historic places. 2016 brought about change for the beloved building as it opened its doors and became home to 60 new apartments.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 700 | $291 |
Two Bedroom (2/1) | 950 | $337 |
Day | Hours |
---|---|
Tuesday | 10:00am-5:00pm |
Thursday | 10:00am-5:00pm |
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.
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.