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Indiana: Section 8 properties with a decision coming

HUD's file lists 511 active project-based assistance contracts in Indiana, covering 33,337 assisted units. 101 of them reach their final expiration date by Oct 2028, when the owner has to choose whether and how to renew. 125 Section 8 HAP contracts pay rents under 90% of the area's Fair Market Rent, a first sign of a property that could qualify for a rent increase at renewal.

511active contracts on 491 properties
101reaching final expiration by Oct 2028 (3,091 assisted units)
125HAP contracts with rents under 90% of FMR
14FHA-insured apartment loans maturing within five years

Contracts reaching final expiration by Oct 2028

These contracts end their overall term within two years of HUD's October 6, 2026 file. The owner chooses among the renewal options the property qualifies for, and an owner who wants out has to give tenants at least a year's notice. "Rent vs FMR" is HUD's ratio of contract rent to the area's Fair Market Rent.

PropertyUnitsAssistedContract typeFinal expirationRent vs FMRHUD loan
Lincoln Village Cooperative Apts Phase IIIColumbus, Bartholomew County5613LMSANov 202691%
Lincoln Village Cooperative Apts Phase IIColumbus, Bartholomew County5018LMSANov 202693%
Lincoln Village Cooperative Apts Phase IVColumbus, Bartholomew County5012LMSANov 202690%
Lincoln Village Cooperative Apts Phase IColumbus, Bartholomew County5017LMSANov 202692%
Watertower PlaceMerrillville, Lake County1414PRAC/811Dec 2026102%202/811
Westplex Woods ApartmentsBloomington, Monroe County2019PRAC/811Dec 202671%202/811
Waynedale I ApartmentsFort Wayne, Allen County2524PRAC/811Dec 202672%202/811
Clifford Biers HouseJasper, Dubois County1010PRAC/811Dec 202656%202/811
Access Housing Of Carroll CountyFlora, Carroll County1010PRAC/811Dec 202698%202/811
Stepping StoneMarion, Grant County1010PRAC/811Dec 202685%202/811
Benjamin Rush HouseJasper, Dubois County88PRAC/811Dec 202657%202/811
Wally Shellenberger HouseJasper, Dubois County66PRAC/811Dec 202682%202/811
Lyons ManorMarion, Grant County2424PRAC/811Dec 2026103%202/811
Hurford HousePlymouth, Marshall County1414PRAC/811Dec 202692%202/811
Tri-City Mental Health CenterEast Chicago, Lake County65PRAC/811Dec 202682%202/811
Brownstone ApartmentsIndianapolis, Marion County9595LMSADec 202667%FHA 07335735
Woods At Crooked CreekIndianapolis, Marion County1515PRAC/811Dec 202664%202/811
Madison Group HomeSouth Bend, St. Joseph County88PRAC/811Jan 202767%202/811
Conner HouseIndianapolis, Marion County2424PRAC/811Jan 202775%202/811
Dogwood PlaceColumbus, Bartholomew County1414PRAC/811Jan 2027202/811
Ahepa 100-II ApartmentsSouth Bend, St. Joseph County7272PRAC/202Jan 202760%202/811
Ouabache VillageBluffton, Wells County1414PRAC/811Jan 202798%202/811
National Place ApartmentsIndianapolis, Marion County1414PRAC/811Jan 202767%202/811
South Central HousingBedford, LAWRENCE County2019PRAC/811Jan 2027120%202/811
Pioneer Lodge IIAngola, Steuben County66PRAC/811Jan 202781%202/811
Center Place IIINew Albany, FLOYD County88PRAC/811Jan 202748%202/811
Russell HousePlymouth, Marshall County1010PRAC/811Feb 202793%202/811
Pioneer LodgeKendallville, Noble County88PRAC/811Feb 202780%202/811
Indiana HouseColumbus, Bartholomew County88PRAC/811Feb 202762%202/811
Hillcroft MuncieMuncie, Delaware County88PRAC/811Feb 202788%202/811
Watertower SouthMerrillville, Lake County1414PRAC/811Feb 202764%202/811
Opportunity ApartmentsKendallville, Noble County1515202/162 NCFeb 2027150%FHA 07311413
Andrews Gardens ApartmentsIndianapolis, Marion County3030LMSAFeb 202771%
Watertower WestMerrillville, Lake County1514PRAC/811Mar 202772%202/811
East Central TowersFort Wayne, Allen County166166Sec 8 NCMar 202784%
Harbor MeadowsEast Chicago, Lake County120120PD/8 ExistingMar 202772%FHA 07335764
100 Center Hi-RiseMishawaka, St. Joseph County104104Sec 8 NCMar 202789%
Waynedale II ApartmentsFort Wayne, Allen County1010PRAC/811Apr 202789%202/811
Group Living IIAnderson, Madison County1010PRAC/811Apr 202791%202/811
Uhrig ApartmentsSouth Bend, St. Joseph County2120PRAC/811Apr 202762%202/811
 Source: HUD Multifamily Assistance and Section 8 Contracts database, data as of October 6, 2026.

Section 8 contracts paying well under Fair Market Rent

HAP contracts with at least 20 assisted units whose rent-to-FMR ratio in HUD's file is under 90%, lowest first. Below-market contract rents are what HUD's Mark-Up-to-Market renewal option addresses, if the property qualifies; a rent comparability study, not this ratio, decides the new rents. "Run math" loads the size and ratio into the offer calculator.

PropertyUnitsAssistedRent vs FMRFinal expirationCurrent term ends
Georgetown ApartmentsIndianapolis, Marion County903741%Aug 2037Aug 2027Run math
Lugar TowersIndianapolis, Marion County29824652%Mar 2037Mar 2027Run math
Troy Manor Cooperative IIndianapolis, Marion County13613462%Apr 2029Apr 2027Run math
Grandville Cooperative IIIndianapolis, Marion County523262%Jun 2029Jun 2027Run math
Grandville Cooperative IIIIndianapolis, Marion County523562%Jun 2029Jun 2027Run math
Noble Manor ApartmentsNoblesville, Hamilton County13213263%May 2043May 2027Run math
Spring Hill Apartments IIMooresville, Morgan County808064%Dec 2036Dec 2026Run math
Grandville Cooperative IIndianapolis, Marion County522365%Jun 2029Jun 2027Run math
Harborside ApartmentsEast Chicago, Lake County2095366%Oct 2027Oct 2026Run math
Carpenter ApartmentsIndianapolis, Marion County525267%Jan 2038Jan 2027Run math
Brownstone ApartmentsIndianapolis, Marion County959567%Dec 2026Dec 2026Run math
Good Shepherd CommunityGreenfield, Hancock County808067%Mar 2042Mar 2027Run math
Franklin CoveFranklin, Johnson County10810868%Sep 2039Sep 2027Run math
Byrne Court ApartmentsIndianapolis, Marion County505068%Dec 2036Dec 2026Run math
Lawrenceburg VillageLawrenceburg, Dearborn County757569%Mar 2036Mar 2027Run math
Kenwood Place IIndianapolis, Marion County747469%Nov 2035Nov 2026Run math
Harborside ApartmentsEast Chicago, Lake County20915069%Jul 2027Jul 2027Run math
Lebanon ManorLebanon, Boone County787870%Feb 2032Feb 2027Run math
Willows On Clark RoadGary, Lake County2027070%May 2028May 2027Run math
Blue Ridge TerraceShelbyville, Shelby County969671%Apr 2031Apr 2027Run math
Chrisney Community ApartmentsChrisney, Spencer County222271%Nov 2032Nov 2026Run math
Emma O. Johnson HomesIndianapolis, Marion County505071%Dec 2031Dec 2026Run math
Andrews Gardens ApartmentsIndianapolis, Marion County303071%Feb 2027Feb 2027Run math
Group HomesIndianapolis, Marion County444471%Oct 2032Oct 2026Run math
Harbor MeadowsEast Chicago, Lake County12012072%Mar 2027Mar 2027Run math
Retreat CooperativeIndianapolis, Marion County724472%Jul 2029Jul 2027Run math
Morgan House IMartinsville, Morgan County343473%Apr 2027Apr 2027Run math
Interfaith Housing ARichmond, Wayne County1043874%Jun 2029Jun 2027Run math
Dillsboro Village ApartmentsDillsboro, Dearborn County404075%Sep 2036Sep 2027Run math
New Life ManorIndianapolis, Marion County484875%Oct 2036Oct 2027Run math
 Source: HUD Multifamily Assistance and Section 8 Contracts database, data as of October 6, 2026. HUD describes the ratio as a guide only.

HUD-insured loans maturing in the next five years

A HUD loan amortizes to zero, so a near maturity usually means a small balance left on an older building. The list shows only what HUD's file says: the loan, its balance and its maturity date. It says nothing about any owner's plans, other debt or willingness to sell.

PropertyUnitsProgramBalanceMatures
Castlebury AptsGreencastle 46135 · FHA 07335737 108 223(a)(7) $111,073 Jul 2027
Cloverdale Heights TwoCrawfordsville 47933 · FHA 07311728 180 223(a)(7) $114,912 Aug 2027
Arrowhead Estates Phase IIPeru 46234 · FHA 07311256 44 223(f) $47,458 Oct 2027
Spring Hill Apartments IMooresville 46158 · FHA 07311667 80 223(a)(7) $123,633 Feb 2028
Country WoodVersailles 47042 · FHA 07311726 56 223(a)(7) $136,405 Aug 2028
Windridge ApartmentsMadison 47250 · FHA 07335775 100 223(a)(7) $299,250 Nov 2028
Chauncey Village AptsLafayette 47905 · FHA 07335733 204 223(a)(7) $955,043 Feb 2030
Cambridge Square Of LaporteLa Porte 46350 · FHA 07335612 134 223(a)(7) $433,863 Jul 2030
Presidential Estates IMadison 47520 · FHA 07341017 96 223(a)(7) $155,388 Aug 2030
Spring Hill II AptsMooresville 46158 · FHA 07335765 80 223(a)(7) $404,725 Feb 2031
Carriage House Of LaporteLa Porte 46350 · FHA 07335603 100 223(a)(7) $481,808 May 2031
Cambridge Square Of MarionMarion 46952 · FHA 07335621 124 223(a)(7) $459,404 May 2031
Cambridge Square Of RichmondRichmond 47374 · FHA 07335613 150 223(a)(7) $590,991 Jul 2031
Cambridge Square Of BedfordBedford 47421 · FHA 07335605 135 223(a)(7) $542,557 Sep 2031
Source: HUD Insured Multifamily Mortgages file, data as of September 30, 2026.

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Before you call an owner

Write to the owner of record from the county's deed records; HUD's file shows the contract, not the deed. Never contact residents or on-site staff about a sale, and never suggest to residents that their housing is about to change.

Buying the property means HUD has to approve you to take over the contract. Read what HUD reviews when a Section 8 property sells before you write a letter of intent.

Price it, then finance it

Use the offer calculator to value the property at today's contract rents and at market rents, then send the deal to the desk for acquisition financing.

Not affiliated with HUD. Inclusion here doesn't mean a property is for sale. How this data is built.