About This Property
Homestead Apts comprises 24 low-income residential units in Bristol, Indiana, consisting of eight 1-bedroom and sixteen 2-bedroom apartments. The property has been in service since 1995 and utilizes 4% Low-Income Housing Tax Credits. The community is managed by [property management company].
Property Details
Fair Market Rent - Elkhart 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 | $849 |
| 1 Bedroom | $879 |
| 2 Bedroom | $1,102 |
| 3 Bedroom | $1,415 |
| 4 Bedroom | $1,468 |
Income Limits - Elkhart County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,200
- Very Low (50%)
- $23,650
- Low (80%)
- $37,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,000
- Low (80%)
- $43,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,400
- Low (80%)
- $48,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,750
- Low (80%)
- $54,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,450
- Low (80%)
- $58,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,150
- Low (80%)
- $62,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,850
- Low (80%)
- $67,000
- Extremely Low (30%)
- $44,550
- Very Low (50%)
- $44,550
- Low (80%)
- $71,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,200 | $23,650 | $37,800 |
| 2 Persons | $17,420 | $27,000 | $43,200 |
| 3 Persons | $21,960 | $30,400 | $48,600 |
| 4 Persons | $26,500 | $33,750 | $54,000 |
| 5 Persons | $31,040 | $36,450 | $58,350 |
| 6 Persons | $35,580 | $39,150 | $62,650 |
| 7 Persons | $40,120 | $41,850 | $67,000 |
| 8 Persons | $44,550 | $44,550 | $71,300 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Bristol, IN?+
The Fair Market Rent (FMR) for Elkhart County, IN is: $849 (Studio), $879 (1BR), $1102 (2BR), $1415 (3BR), $1468 (4BR). Actual rent at subsidized properties like Homestead Apts is typically 30% of household income or less.
What size apartments are available at Homestead Apts?+
Homestead Apts offers the following unit types: 8 One-Bedroom, 16 Two-Bedroom units, for a total of 24 units.
How do I apply for housing at Homestead Apts?+
Homestead Apts 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 Bristol, IN?+
Based on Fair Market Rent for Elkhart County, the estimated price range is: 1-bedroom: $879, 2-bedroom: $1102. Actual rent at Homestead Apts may be lower for income-eligible households.
Who manages Homestead Apts?+
Homestead Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Elkhart County, IN?+
For a 4-person household in Elkhart County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,750, Low Income (80% AMI): $54,000. These limits are set by HUD and updated annually.
Contact Information
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