About This Property
Redkey Apts comprises 16 low-income units in Redkey, Indiana, with an equal mix of one-bedroom and two-bedroom floor plans. The property was placed in service in 1987 and continues to serve Jay County residents.
Property Details
Fair Market Rent - Jay 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 | $611 |
| 1 Bedroom | $657 |
| 2 Bedroom | $863 |
| 3 Bedroom | $1,109 |
| 4 Bedroom | $1,149 |
Income Limits - Jay 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 Redkey, IN?+
The Fair Market Rent (FMR) for Jay County, IN is: $611 (Studio), $657 (1BR), $863 (2BR), $1109 (3BR), $1149 (4BR). Actual rent at subsidized properties like Redkey Apts is typically 30% of household income or less.
What size apartments are available at Redkey Apts?+
Redkey Apts offers the following unit types: 8 One-Bedroom, 8 Two-Bedroom units, for a total of 16 units.
How do I apply for housing at Redkey Apts?+
Redkey 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 is the price range for apartments in Redkey, IN?+
Based on Fair Market Rent for Jay County, the estimated price range is: 1-bedroom: $657, 2-bedroom: $863. Actual rent at Redkey Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Jay County, IN?+
For a 4-person household in Jay 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 manages Redkey Apts?+
Redkey Apts is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.