About This Property
Colfax I contains one 3-bedroom unit designated as low-income housing in Colfax, Indiana. The property was placed in service in 1992 and is located in Clinton County.
Property Details
Fair Market Rent - Clinton 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 | $625 |
| 1 Bedroom | $707 |
| 2 Bedroom | $922 |
| 3 Bedroom | $1,139 |
| 4 Bedroom | $1,228 |
Income Limits - Clinton 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 Colfax, IN?+
The Fair Market Rent (FMR) for Clinton County, IN is: $625 (Studio), $707 (1BR), $922 (2BR), $1139 (3BR), $1228 (4BR). Actual rent at subsidized properties like Colfax I is typically 30% of household income or less.
What size apartments are available at Colfax I?+
Colfax I offers the following unit types: 1 Three-Bedroom units, for a total of 1 units.
Who manages Colfax I?+
Colfax I is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Colfax I?+
Colfax I 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 is the price range for apartments in Colfax, IN?+
Based on Fair Market Rent for Clinton County, the estimated price range is: 3-bedroom: $1139. Actual rent at Colfax I may be lower for income-eligible households.
What are the income limits for affordable housing in Clinton County, IN?+
For a 4-person household in Clinton 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.