Parc Lorraine Cooperative I — Income-Restricted Housing in Richmond, IN 47374
17-27 S. 52nd Place, Richmond, IN 47374
56 units · 37 income-restricted · 1–3 BR
Leasing office: (765) 966-1298Directions
How to apply
- Call the leasing office at (765) 966-1298 to ask about applying, vacancies, and waiting lists.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 1982
- Bedrooms
- 7 1 bedroom · 24 2 bedrooms · 6 3 bedrooms
- HUD inspection
- HUD inspection score: 96/100 (Apr 2026) HUD inspects subsidized buildings on a 0–100 scale. This is a snapshot, not a pass/fail grade.
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Nearby income-restricted buildings
Cumberland Apartments
151 S 52nd St, Richmond, IN 47374
0.1 mi away
21 units · 20 income-restricted · 1 BR · People with disabilities
Parc Lorraine Cooperative II
100 South 52nd Place, Richmond, IN 47374
0.1 mi away
56 units · 37 income-restricted · 1–3 BR
Rosewood Terrace
4100 S a St, Richmond, IN 47374
0.7 mi away
57 units · 56 income-restricted · Studio–1 BR
Dogwood Terrace
101 Cedar Cliff Road, Richmond, IN 47374
0.8 mi away
33 units · 32 income-restricted · 1 BR
Rents and income limits in 47374
- Fair market rent, 2 bedrooms
- $1,030/mo
- Income needed to pay it at 30% of income
- $41,200/yr
- Renters in 47374 paying 30% or more of income on rent
- 52%
Income limits (2026)
Wayne County, IN area · median family income $70,300. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $17,850 | $29,700 | $47,500 |
| 2 | $21,640 | $33,950 | $54,300 |
| 3 | $27,320 | $38,200 | $61,100 |
| 4 | $33,000 | $42,400 | $67,850 |
| 5 | $38,680 | $45,800 | $73,300 |
| 6 | $44,360 | $49,200 | $78,750 |
| 7 | $50,040 | $52,600 | $84,150 |
| 8 | $55,720 | $56,000 | $89,600 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 47374 | Wider area |
|---|---|---|
| Studio | $780 | $770 |
| 1 bedroom | $790 | $775 |
| 2 bedrooms | $1,030 | $1,014 |
| 3 bedrooms | $1,300 | $1,281 |
| 4 bedrooms | $1,350 | $1,333 |
Wider area = Wayne County, IN. Two-bedroom fair market rents in 6 nearby ZIPs range from $1,000 (45347) to $1,300 (47392).
Census figures for 47374 (2020–2024 average): median rent $820. Median household income $50,766. 36% of homes are rented. 52% of renters pay 30% or more of their income on rent, and 26% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 47374's fair market rent.
Estimate your Section 8 rent share for 47374Frequently Asked Questions
How do I apply to Parc Lorraine Cooperative I?
Call (765) 966-1298 and ask about applying, vacancies, and waiting lists at Parc Lorraine Cooperative I in Richmond, IN 47374. These records do not show openings.
Is Parc Lorraine Cooperative I Section 8 housing?
Parc Lorraine Cooperative I is listed with a HUD-assisted or project-based Section 8 contract. The subsidy stays with the apartment. A Housing Choice Voucher is different — you apply with the housing authority. Confirm the program when you call.
How many units are at Parc Lorraine Cooperative I?
Public records list 56 units at Parc Lorraine Cooperative I in Richmond, IN 47374. That is a building size, not a count of open apartments.
Are there other affordable apartments near Parc Lorraine Cooperative I?
Yes — this page lists other income-restricted buildings in 47374 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into Parc Lorraine Cooperative I?
Call the number on this page and ask about the waiting list or how to apply at Parc Lorraine Cooperative I in Richmond, IN 47374. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Richmond, IN 47374?
Most income-restricted buildings in Richmond, IN 47374 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $29,700, and $42,400 for a 4-person household. Public housing can go up to 80% ($47,500 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Richmond, IN 47374?
For many programs in Richmond, IN 47374, the 2026 HUD very low-income (50%) limit is $29,700 a year for 1 person and $42,400 for 4 people. The low-income (80%) limit is $47,500 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Richmond, IN 47374?
In public housing and most Section 8 in Richmond, IN 47374, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Richmond, IN 47374 is $1,030 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does Parc Lorraine Cooperative I take Section 8 vouchers?
Parc Lorraine Cooperative I is listed with project-based Section 8 or HUD assistance — the subsidy is on the unit, so you usually apply at the building rather than bringing a tenant voucher. Ask when you call whether they also accept Housing Choice Vouchers.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction. To add a different building, use the suggestion rubric.