About This Property
Indian Terrace Villas II comprises 48 low-income units in Auburn, Indiana, with a mix of 36 one-bedroom and 12 two-bedroom apartments. The property has been in service since 1992 and currently operates in Dekalb County. Contact information and management details are available upon request.
Property Details
Fair Market Rent - Dekalb 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 | $600 |
| 1 Bedroom | $657 |
| 2 Bedroom | $863 |
| 3 Bedroom | $1,066 |
| 4 Bedroom | $1,149 |
Income Limits - Dekalb County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,250
- Very Low (50%)
- $23,800
- Low (80%)
- $38,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,200
- Low (80%)
- $43,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,600
- Low (80%)
- $48,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,700
- Low (80%)
- $58,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,400
- Low (80%)
- $63,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,100
- Low (80%)
- $67,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $44,850
- Low (80%)
- $71,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,250 | $23,800 | $38,050 |
| 2 Persons | $17,420 | $27,200 | $43,450 |
| 3 Persons | $21,960 | $30,600 | $48,900 |
| 4 Persons | $26,500 | $33,950 | $54,300 |
| 5 Persons | $31,040 | $36,700 | $58,650 |
| 6 Persons | $35,580 | $39,400 | $63,000 |
| 7 Persons | $40,120 | $42,100 | $67,350 |
| 8 Persons | $44,660 | $44,850 | $71,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Auburn, IN?+
The Fair Market Rent (FMR) for Dekalb County, IN is: $600 (Studio), $657 (1BR), $863 (2BR), $1066 (3BR), $1149 (4BR). Actual rent at subsidized properties like Indian Terrace Villas Ii is typically 30% of household income or less.
What size apartments are available at Indian Terrace Villas Ii?+
Indian Terrace Villas Ii offers the following unit types: 36 One-Bedroom, 12 Two-Bedroom units, for a total of 48 units.
What are the income limits for affordable housing in Dekalb County, IN?+
For a 4-person household in Dekalb County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,950, Low Income (80% AMI): $54,300. These limits are set by HUD and updated annually.
What is the price range for apartments in Auburn, IN?+
Based on Fair Market Rent for Dekalb County, the estimated price range is: 1-bedroom: $657, 2-bedroom: $863. Actual rent at Indian Terrace Villas Ii may be lower for income-eligible households.
Who manages Indian Terrace Villas Ii?+
Indian Terrace Villas Ii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Indian Terrace Villas Ii?+
Indian Terrace Villas Ii 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.