About This Property
Indian Terrace Villas IV is a 12-unit affordable housing community in Auburn, Indiana that has been in service since 1993. The property contains 12 two-bedroom units designated for low-income residents. This DeKalb County community offers housing options for families seeking affordable rental accommodations.
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 |
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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 Iv is typically 30% of household income or less.
What size apartments are available at Indian Terrace Villas Iv?+
Indian Terrace Villas Iv offers the following unit types: 12 Two-Bedroom units, for a total of 12 units.
What is the price range for apartments in Auburn, IN?+
Based on Fair Market Rent for Dekalb County, the estimated price range is: 2-bedroom: $863. Actual rent at Indian Terrace Villas Iv may be lower for income-eligible households.
Who manages Indian Terrace Villas Iv?+
Indian Terrace Villas Iv is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Indian Terrace Villas Iv?+
Indian Terrace Villas Iv 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 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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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