About This Property
Village Green V offers 30 low-income rental units in Decatur, Indiana, comprising 28 one-bedroom and 2 two-bedroom apartments. The property, which has been in service since 1995, utilizes 4% Low-Income Housing Tax Credits to support affordability. Management and leasing inquiries can be directed to the property contact information.
Property Details
Fair Market Rent - Adams 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 | $652 |
| 1 Bedroom | $657 |
| 2 Bedroom | $863 |
| 3 Bedroom | $1,108 |
| 4 Bedroom | $1,149 |
Income Limits - Adams County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,050
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,750
- Low (80%)
- $42,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,100
- Low (80%)
- $48,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,400
- Low (80%)
- $53,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,750
- Low (80%)
- $62,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,450
- Low (80%)
- $66,300
- Extremely Low (30%)
- $44,100
- Very Low (50%)
- $44,100
- Low (80%)
- $70,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,050 | $23,400 | $37,450 |
| 2 Persons | $17,420 | $26,750 | $42,800 |
| 3 Persons | $21,960 | $30,100 | $48,150 |
| 4 Persons | $26,500 | $33,400 | $53,450 |
| 5 Persons | $31,040 | $36,100 | $57,750 |
| 6 Persons | $35,580 | $38,750 | $62,050 |
| 7 Persons | $40,120 | $41,450 | $66,300 |
| 8 Persons | $44,100 | $44,100 | $70,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Decatur, IN?+
The Fair Market Rent (FMR) for Adams County, IN is: $652 (Studio), $657 (1BR), $863 (2BR), $1108 (3BR), $1149 (4BR). Actual rent at subsidized properties like Village Green V is typically 30% of household income or less.
What size apartments are available at Village Green V?+
Village Green V offers the following unit types: 28 One-Bedroom, 2 Two-Bedroom units, for a total of 30 units.
What are the income limits for affordable housing in Adams County, IN?+
For a 4-person household in Adams County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,400, Low Income (80% AMI): $53,450. These limits are set by HUD and updated annually.
Who manages Village Green V?+
Village Green V is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Decatur, IN?+
Based on Fair Market Rent for Adams County, the estimated price range is: 1-bedroom: $657, 2-bedroom: $863. Actual rent at Village Green V may be lower for income-eligible households.
How do I apply for housing at Village Green V?+
Village Green V 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.