About This Property
Academy Place Apts comprises 38 low-income units in Knightstown, Indiana, with a unit mix of 35 one-bedroom and 3 two-bedroom apartments. The property has been in service since 1993 and serves Henry County residents. Contact information and management details are available upon request.
Property Details
Fair Market Rent - Henry 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 | $678 |
| 1 Bedroom | $682 |
| 2 Bedroom | $863 |
| 3 Bedroom | $1,083 |
| 4 Bedroom | $1,204 |
Income Limits - Henry 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 Knightstown, IN?+
The Fair Market Rent (FMR) for Henry County, IN is: $678 (Studio), $682 (1BR), $863 (2BR), $1083 (3BR), $1204 (4BR). Actual rent at subsidized properties like Academy Place Apts is typically 30% of household income or less.
What size apartments are available at Academy Place Apts?+
Academy Place Apts offers the following unit types: 35 One-Bedroom, 3 Two-Bedroom units, for a total of 38 units.
How do I apply for housing at Academy Place Apts?+
Academy Place 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 Henry County, IN?+
For a 4-person household in Henry 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.
What is the price range for apartments in Knightstown, IN?+
Based on Fair Market Rent for Henry County, the estimated price range is: 1-bedroom: $682, 2-bedroom: $863. Actual rent at Academy Place Apts may be lower for income-eligible households.
Who manages Academy Place Apts?+
Academy Place Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.