About This Property
Lakeview Apts Phase II is a 64-unit low-income housing community in Franklin, Indiana, with 16 one-bedroom, 44 two-bedroom, and 4 three-bedroom units. The property was placed in service in 1995 and receives 4% Low-Income Housing Tax Credit financing along with tax-exempt bond funding. The community serves households meeting low-income eligibility requirements in Johnson County.
Property Details
Fair Market Rent - Johnson 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 - Johnson 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 Franklin, IN?+
The Fair Market Rent (FMR) for Johnson County, IN is: $982 (Studio), $1145 (1BR), $1349 (2BR), $1758 (3BR), $2126 (4BR). Actual rent at subsidized properties like Lakeview Apts Phase Ii is typically 30% of household income or less.
What size apartments are available at Lakeview Apts Phase Ii?+
Lakeview Apts Phase Ii offers the following unit types: 16 One-Bedroom, 44 Two-Bedroom, 4 Three-Bedroom units, for a total of 64 units.
What are the income limits for affordable housing in Johnson County, IN?+
For a 4-person household in Johnson 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 Franklin, IN?+
Based on Fair Market Rent for Johnson County, the estimated price range is: 1-bedroom: $1145, 2-bedroom: $1349, 3-bedroom: $1758. Actual rent at Lakeview Apts Phase Ii may be lower for income-eligible households.
How do I apply for housing at Lakeview Apts Phase Ii?+
Lakeview Apts Phase Ii 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 Lakeview Apts Phase Ii?+
Lakeview Apts Phase Ii is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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