About This Property
Village Apts of Fortville III consists of 40 low-income units in Fortville, Indiana, with a mix of one-, two-, and three-bedroom apartments (16, 16, and 8 units respectively). The property has been in service since 1997 and operates under a 9% Low-Income Housing Tax Credit. Interested parties can contact the property management for additional information.
Property Details
Fair Market Rent - Hancock 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 | $982 |
| 1 Bedroom | $1,145 |
| 2 Bedroom | $1,349 |
| 3 Bedroom | $1,758 |
| 4 Bedroom | $2,126 |
Income Limits - Hancock County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,150
- Very Low (50%)
- $28,600
- Low (80%)
- $45,750
- Extremely Low (30%)
- $19,600
- Very Low (50%)
- $32,650
- Low (80%)
- $52,250
- Extremely Low (30%)
- $22,050
- Very Low (50%)
- $36,750
- Low (80%)
- $58,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,800
- Low (80%)
- $65,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $44,100
- Low (80%)
- $70,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,350
- Low (80%)
- $75,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $50,600
- Low (80%)
- $81,000
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $53,900
- Low (80%)
- $86,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,150 | $28,600 | $45,750 |
| 2 Persons | $19,600 | $32,650 | $52,250 |
| 3 Persons | $22,050 | $36,750 | $58,800 |
| 4 Persons | $26,500 | $40,800 | $65,300 |
| 5 Persons | $31,040 | $44,100 | $70,550 |
| 6 Persons | $35,580 | $47,350 | $75,750 |
| 7 Persons | $40,120 | $50,600 | $81,000 |
| 8 Persons | $44,660 | $53,900 | $86,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fortville, IN?+
The Fair Market Rent (FMR) for Hancock County, IN is: $982 (Studio), $1145 (1BR), $1349 (2BR), $1758 (3BR), $2126 (4BR). Actual rent at subsidized properties like Village Apts of Fortville Iii is typically 30% of household income or less.
What size apartments are available at Village Apts of Fortville Iii?+
Village Apts of Fortville Iii offers the following unit types: 16 One-Bedroom, 16 Two-Bedroom, 8 Three-Bedroom units, for a total of 40 units.
Who manages Village Apts of Fortville Iii?+
Village Apts of Fortville Iii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Village Apts of Fortville Iii?+
Village Apts of Fortville Iii 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 Hancock County, IN?+
For a 4-person household in Hancock County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,800, Low Income (80% AMI): $65,300. These limits are set by HUD and updated annually.
What is the price range for apartments in Fortville, IN?+
Based on Fair Market Rent for Hancock County, the estimated price range is: 1-bedroom: $1145, 2-bedroom: $1349, 3-bedroom: $1758. Actual rent at Village Apts of Fortville Iii may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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