About This Property
Indian Terrace Villas V offers 12 two-bedroom units designed for low-income households in Auburn, Indiana. The property has been in service since 1993 and is located in Dekalb County. All 12 units at this community serve residents with low incomes.
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 V is typically 30% of household income or less.
What size apartments are available at Indian Terrace Villas V?+
Indian Terrace Villas V offers the following unit types: 12 Two-Bedroom units, for a total of 12 units.
How do I apply for housing at Indian Terrace Villas V?+
Indian Terrace Villas 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.
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: 2-bedroom: $863. Actual rent at Indian Terrace Villas V may be lower for income-eligible households.
Who manages Indian Terrace Villas V?+
Indian Terrace Villas V is managed by . You can reach them at . Visit their website for more information.
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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