Franklin Cove I LIHTCPB Section 8 Indianapolis, IN
Profile last updated · Data vintage: HUD LIHTC 2024
Franklin Cove I is a Low-Income Housing Tax Credit (LIHTC) community in Indianapolis, IN with 85 units. Rents are set relative to household income.
85
total units
—
occupancy
—
avg resident rent
—
reported wait
Resident & program facts (HUD-reported)
| Program(s) | Low-Income Housing Tax Credit (LIHTC), Project-Based Section 8 |
|---|---|
| Address | 8505 Faywood Dr, Indianapolis, IN 46239 Map → |
| Tax-credit (LI) units | 85 |
| Placed in service | 2010 |
How to apply at Franklin Cove I
LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
- Call or visit the management office at 8505 Faywood Dr, Indianapolis; ask if the waitlist is open and request an application.
- Gather ID, Social Security cards, birth certificates, and proof of all income. Applications are always free.
- Claim eligible preferences (homelessness, veteran, local residency) with documentation.
- Respond fast to interview letters; verify rent expectations against your budget.
Other subsidized housing in Indianapolis
- Woodridge Apts LIHTCPB Section 8
- N Oaks of Broad Ripple LIHTCPB Section 8
- Brookhaven at County Line LIHTC
- John J Barton Apts Public Housing
- Carriage House East PB Section 8
- Meadowlark LIHTCPB Section 8
- Sutton Place Apts LIHTC
- Sutton Place Apts LIHTC
- Bradford Lake Apts LIHTCPB Section 8
- Hunter's Ridge LIHTC
Nearby subsidized housing (within ~10 km)
| Property | Location | Distance |
|---|---|---|
| Franklin Cove Ii LIHTC | Indianapolis | 1.1 km |
| Stratford Place Apts LIHTCPB Section 8 | Indianapolis | 3.5 km |
| Parkview at Beech Grove LIHTCPB Section 8 | Indianapolis | 4.3 km |
| Southern Meadows LIHTC | Indianapolis | 4.5 km |
| Churchman Woods Senior Apts LIHTC | Indianapolis | 5 km |
| Cambridge Square Beech Grove PB Section 8 | Beech Grove | 5.2 km |
| Emerson Village Apts LIHTC | Indianapolis | 5.5 km |
← All subsidized housing in Indianapolis
Frequently asked questions
What kind of subsidy does Franklin Cove I have?
Low-Income Housing Tax Credit (LIHTC); Project-Based Section 8. LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
How much is rent at Franklin Cove I?
Rents are income-based: expect to pay roughly 30% of adjusted monthly household income under the building's federal program.
How do I apply at Franklin Cove I?
Contact the management office at 8505 Faywood Dr in Indianapolis. Ask whether the waitlist is open, request an application, and claim any preferences you qualify for. There is never a fee to apply for HUD-subsidized housing.