About This Property
Water Tower Place is a 32-unit affordable housing community in Delphi, Indiana that provides homes for low-income households. All units are two-bedroom floor plans, and the property has been in service since 2007. The community is managed to serve residents in Carroll County.
Property Details
Fair Market Rent - Carroll 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 | $655 |
| 1 Bedroom | $657 |
| 2 Bedroom | $863 |
| 3 Bedroom | $1,105 |
| 4 Bedroom | $1,149 |
Income Limits - Carroll County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,750
- Very Low (50%)
- $24,600
- Low (80%)
- $39,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,100
- Low (80%)
- $44,950
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,600
- Low (80%)
- $50,550
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,100
- Low (80%)
- $56,150
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,950
- Low (80%)
- $60,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,750
- Low (80%)
- $65,150
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,550
- Low (80%)
- $69,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,350
- Low (80%)
- $74,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,750 | $24,600 | $39,350 |
| 2 Persons | $17,420 | $28,100 | $44,950 |
| 3 Persons | $21,960 | $31,600 | $50,550 |
| 4 Persons | $26,500 | $35,100 | $56,150 |
| 5 Persons | $31,040 | $37,950 | $60,650 |
| 6 Persons | $35,580 | $40,750 | $65,150 |
| 7 Persons | $40,120 | $43,550 | $69,650 |
| 8 Persons | $44,660 | $46,350 | $74,150 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Delphi, IN?+
The Fair Market Rent (FMR) for Carroll County, IN is: $655 (Studio), $657 (1BR), $863 (2BR), $1105 (3BR), $1149 (4BR). Actual rent at subsidized properties like Water Tower Place is typically 30% of household income or less.
What size apartments are available at Water Tower Place?+
Water Tower Place offers the following unit types: 32 Two-Bedroom units, for a total of 32 units.
How do I apply for housing at Water Tower Place?+
Water Tower Place 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.
What are the income limits for affordable housing in Carroll County, IN?+
For a 4-person household in Carroll County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,100, Low Income (80% AMI): $56,150. These limits are set by HUD and updated annually.
Who manages Water Tower Place?+
Water Tower Place is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Delphi, IN?+
Based on Fair Market Rent for Carroll County, the estimated price range is: 2-bedroom: $863. Actual rent at Water Tower Place may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.