About This Property
Gas City School Apts contains 19 low-income units designed to serve elderly and disabled residents in Gas City, Indiana. The property includes fourteen 1-bedroom units and five 2-bedroom units and has been in service since 2005. Funding for this property comes from the HOME program.
Property Details
Fair Market Rent - Grant 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 | $585 |
| 1 Bedroom | $684 |
| 2 Bedroom | $863 |
| 3 Bedroom | $1,119 |
| 4 Bedroom | $1,285 |
Income Limits - Grant County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,050
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,750
- Low (80%)
- $42,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,100
- Low (80%)
- $48,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,400
- Low (80%)
- $53,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,750
- Low (80%)
- $62,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,450
- Low (80%)
- $66,300
- Extremely Low (30%)
- $44,100
- Very Low (50%)
- $44,100
- Low (80%)
- $70,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,050 | $23,400 | $37,450 |
| 2 Persons | $17,420 | $26,750 | $42,800 |
| 3 Persons | $21,960 | $30,100 | $48,150 |
| 4 Persons | $26,500 | $33,400 | $53,450 |
| 5 Persons | $31,040 | $36,100 | $57,750 |
| 6 Persons | $35,580 | $38,750 | $62,050 |
| 7 Persons | $40,120 | $41,450 | $66,300 |
| 8 Persons | $44,100 | $44,100 | $70,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Gas City, IN?+
The Fair Market Rent (FMR) for Grant County, IN is: $585 (Studio), $684 (1BR), $863 (2BR), $1119 (3BR), $1285 (4BR). Actual rent at subsidized properties like Gas City School Apts is typically 30% of household income or less.
What size apartments are available at Gas City School Apts?+
Gas City School Apts offers the following unit types: 14 One-Bedroom, 5 Two-Bedroom units, for a total of 19 units.
What are the income limits for affordable housing in Grant County, IN?+
For a 4-person household in Grant County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,400, Low Income (80% AMI): $53,450. These limits are set by HUD and updated annually.
Who is eligible to live at Gas City School Apts?+
Gas City School Apts primarily serves elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Gas City School Apts?+
Gas City School Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Gas City, IN?+
Based on Fair Market Rent for Grant County, the estimated price range is: 1-bedroom: $684, 2-bedroom: $863. Actual rent at Gas City School Apts may be lower for income-eligible households.
How do I apply for housing at Gas City School Apts?+
Gas City School 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.
Contact Information
Walk Score
Somewhat Walkable
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