About This Property
Meadowood Apts offers 64 low-income housing units in Rensselaer, Indiana, comprising 17 one-bedroom, 24 two-bedroom, and 23 three-bedroom apartments. The property has been in service since 1996 and utilizes 9% Low-Income Housing Tax Credits to support affordability.
Property Details
Fair Market Rent - Jasper 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 | $869 |
| 1 Bedroom | $874 |
| 2 Bedroom | $1,149 |
| 3 Bedroom | $1,495 |
| 4 Bedroom | $1,530 |
Income Limits - Jasper County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,200
- Very Low (50%)
- $25,350
- Low (80%)
- $40,500
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,950
- Low (80%)
- $46,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,550
- Low (80%)
- $52,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,150
- Low (80%)
- $57,850
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,050
- Low (80%)
- $62,500
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,950
- Low (80%)
- $67,150
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,850
- Low (80%)
- $71,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,750
- Low (80%)
- $76,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,200 | $25,350 | $40,500 |
| 2 Persons | $17,420 | $28,950 | $46,300 |
| 3 Persons | $21,960 | $32,550 | $52,100 |
| 4 Persons | $26,500 | $36,150 | $57,850 |
| 5 Persons | $31,040 | $39,050 | $62,500 |
| 6 Persons | $35,580 | $41,950 | $67,150 |
| 7 Persons | $40,120 | $44,850 | $71,750 |
| 8 Persons | $44,660 | $47,750 | $76,400 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rensselaer, IN?+
The Fair Market Rent (FMR) for Jasper County, IN is: $869 (Studio), $874 (1BR), $1149 (2BR), $1495 (3BR), $1530 (4BR). Actual rent at subsidized properties like Meadowood Apts is typically 30% of household income or less.
What size apartments are available at Meadowood Apts?+
Meadowood Apts offers the following unit types: 17 One-Bedroom, 24 Two-Bedroom, 23 Three-Bedroom units, for a total of 64 units.
What are the income limits for affordable housing in Jasper County, IN?+
For a 4-person household in Jasper County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,150, Low Income (80% AMI): $57,850. These limits are set by HUD and updated annually.
What is the price range for apartments in Rensselaer, IN?+
Based on Fair Market Rent for Jasper County, the estimated price range is: 1-bedroom: $874, 2-bedroom: $1149, 3-bedroom: $1495. Actual rent at Meadowood Apts may be lower for income-eligible households.
How do I apply for housing at Meadowood Apts?+
Meadowood 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.
Who manages Meadowood Apts?+
Meadowood Apts is managed by . You can reach them at . Visit their website for more information.
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.