About This Property
Cornerstone is a 83-unit affordable housing community in Elkhart, Indiana, serving low-income residents. The property, placed in service in 1998, offers a mix of 24 studio, 45 one-bedroom, and 14 two-bedroom units and is financed through 9% Low-Income Housing Tax Credits. The community is managed for long-term affordability.
Waitlist Information
Waitlist managed by Housing Authority of the City of Elkhart
The Public Housing waiting list is closed.
The monthly lottery for program applications will no longer be held after May 2025. The waiting list will remain open for Foster Youth Initiative (FYI) applications, FYI voucher transfers to an HCV, and emergency transfers from Public Housing under VAWA.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Elkhart County, IN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $849 |
| 1 Bedroom | $879 |
| 2 Bedroom | $1,102 |
| 3 Bedroom | $1,415 |
| 4 Bedroom | $1,468 |
Income Limits - Elkhart County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,200
- Very Low (50%)
- $23,650
- Low (80%)
- $37,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,000
- Low (80%)
- $43,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,400
- Low (80%)
- $48,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,750
- Low (80%)
- $54,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,450
- Low (80%)
- $58,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,150
- Low (80%)
- $62,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,850
- Low (80%)
- $67,000
- Extremely Low (30%)
- $44,550
- Very Low (50%)
- $44,550
- Low (80%)
- $71,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,200 | $23,650 | $37,800 |
| 2 Persons | $17,420 | $27,000 | $43,200 |
| 3 Persons | $21,960 | $30,400 | $48,600 |
| 4 Persons | $26,500 | $33,750 | $54,000 |
| 5 Persons | $31,040 | $36,450 | $58,350 |
| 6 Persons | $35,580 | $39,150 | $62,650 |
| 7 Persons | $40,120 | $41,850 | $67,000 |
| 8 Persons | $44,550 | $44,550 | $71,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Elkhart, IN?+
The Fair Market Rent (FMR) for Elkhart County, IN is: $849 (Studio), $879 (1BR), $1102 (2BR), $1415 (3BR), $1468 (4BR). Actual rent at subsidized properties like Cornerstone is typically 30% of household income or less.
What size apartments are available at Cornerstone?+
Cornerstone offers the following unit types: 24 Studio, 45 One-Bedroom, 14 Two-Bedroom units, for a total of 83 units.
What are the income limits for affordable housing in Elkhart County, IN?+
For a 4-person household in Elkhart County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,750, Low Income (80% AMI): $54,000. These limits are set by HUD and updated annually.
How do I apply for housing at Cornerstone?+
Cornerstone is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Is there a waitlist for Cornerstone?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Elkhart, IN?+
Based on Fair Market Rent for Elkhart County, the estimated price range is: 1-bedroom: $879, 2-bedroom: $1102. Actual rent at Cornerstone may be lower for income-eligible households.
Who manages Cornerstone?+
Cornerstone is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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