96 Pageviews Read Stories
- EIN 31-1010573
- (765) 644-2555
- 9961 Crosspoit Blvd Suite 200 Indianapolis IN 46256-3391 USA
- Add to Favorites
Nonprofit Overview
Causes: Homeless & Housing, Senior Citizens Housing & Retirement Communities, Seniors
Mission: Bethany village apartments, inc. (the project) was organized to construct, own and operate a 100-unit apartment community in indianapolis, indiana, known as bethany village apartments, pursuant to section 202 of the national affordable housing act as amended. The project has executed a regulatory agreement with hud, which governs the operation of the project with the federal housing administration (fha) section of hud. The project has also entered into a housing assistance payment contract (hap contract) with hud. The hap contract is a rent assistance program for low-income families (or persons) as provided by the section 8 program of the national housing act. Eligible low-income tenants pay 30% of their income as rent while hud pays the difference between this rental amount and contract rent (as defined). The project can request from hud an additional amount equal to 80% of contract rent during periods that the unit is vacant if certain conditions are met, but not to exceed 60 days. I
Programs: Bethany village apartments, inc. (the project) was organized to construct, own and operate a 100-unit apartment community in indianapolis, indiana, known as bethany village apartments, pursuant to section 202 of the national affordable housing act as amended.