About This Property
Laurel Park Apts consists of 16 low-income units in Laurel, Indiana, within Franklin County. The property was placed in service in 1997 and includes 4 one-bedroom, 4 two-bedroom, and 8 three-bedroom units. The property utilizes 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Franklin 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 | $636 |
| 1 Bedroom | $715 |
| 2 Bedroom | $939 |
| 3 Bedroom | $1,292 |
| 4 Bedroom | $1,330 |
Income Limits - Franklin County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,450
- Very Low (50%)
- $24,050
- Low (80%)
- $38,500
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,500
- Low (80%)
- $44,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,950
- Low (80%)
- $49,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,100
- Low (80%)
- $59,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,850
- Low (80%)
- $63,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,600
- Low (80%)
- $68,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,350
- Low (80%)
- $72,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,450 | $24,050 | $38,500 |
| 2 Persons | $17,420 | $27,500 | $44,000 |
| 3 Persons | $21,960 | $30,950 | $49,500 |
| 4 Persons | $26,500 | $34,350 | $54,950 |
| 5 Persons | $31,040 | $37,100 | $59,350 |
| 6 Persons | $35,580 | $39,850 | $63,750 |
| 7 Persons | $40,120 | $42,600 | $68,150 |
| 8 Persons | $44,660 | $45,350 | $72,550 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Laurel, IN?+
The Fair Market Rent (FMR) for Franklin County, IN is: $636 (Studio), $715 (1BR), $939 (2BR), $1292 (3BR), $1330 (4BR). Actual rent at subsidized properties like Laurel Park Apts is typically 30% of household income or less.
What size apartments are available at Laurel Park Apts?+
Laurel Park Apts offers the following unit types: 4 One-Bedroom, 4 Two-Bedroom, 8 Three-Bedroom units, for a total of 16 units.
How do I apply for housing at Laurel Park Apts?+
Laurel Park 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 are the income limits for affordable housing in Franklin County, IN?+
For a 4-person household in Franklin County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,350, Low Income (80% AMI): $54,950. These limits are set by HUD and updated annually.
Who manages Laurel Park Apts?+
Laurel Park Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Laurel, IN?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 1-bedroom: $715, 2-bedroom: $939, 3-bedroom: $1292. Actual rent at Laurel Park Apts may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.