Riverwood Commons Apartments
342 E Galbreath Drive
Winamac, IN 46996
(574) 946-7773

Riverwood Commons is located in Winamac, Indiana and is owned by Pulaski Health Foundation Inc. This Low Income Housing (LIHTC) project has been in service since 2001 and has a total of 24-low income units.

Riverwood Commons is an affordable apartment community for Seniors 55 and older or disabled regardless of age. Please contact our site manager for an application.

**Applicants must be income eligible to be accepted, rent is not adjusted to income.

Low Income Housing Tax Credit

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC and therefore may be set at levels higher than the area’s LIHTC limits.

HOME

The HOME Rental Assistance Program provides affordable housing to low and moderate income families. Apartment communities that participate in the program must ensure that 90% of units are occupied by households at or below 60% of the area median income and the remaining 10% of the units are occupied by households at or below 80% of the area median income. Furthermore, if the community has five or more units participating in the HOME program, 20% of those units must be occupied for households at or below 50% of the area median income.

 

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