About This Property
Timberlake Estates Senior Apts offers 36 low-income units in Alexandria, Indiana serving elderly and disabled residents. The property, placed in service in 2005, includes one studio, three one-bedroom, and thirty-two two-bedroom units. The community is currently managed and available for occupancy in Madison County.
Property Details
Fair Market Rent - Madison 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 | $793 |
| 1 Bedroom | $868 |
| 2 Bedroom | $1,140 |
| 3 Bedroom | $1,468 |
| 4 Bedroom | $1,518 |
Income Limits - Madison 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Alexandria, IN?+
The Fair Market Rent (FMR) for Madison County, IN is: $793 (Studio), $868 (1BR), $1140 (2BR), $1468 (3BR), $1518 (4BR). Actual rent at subsidized properties like Timberlake Estates Senior Apts is typically 30% of household income or less.
What size apartments are available at Timberlake Estates Senior Apts?+
Timberlake Estates Senior Apts offers the following unit types: 1 Studio, 3 One-Bedroom, 32 Two-Bedroom units, for a total of 36 units.
What is the price range for apartments in Alexandria, IN?+
Based on Fair Market Rent for Madison County, the estimated price range is: 1-bedroom: $868, 2-bedroom: $1140. Actual rent at Timberlake Estates Senior Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Madison County, IN?+
For a 4-person household in Madison 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 Timberlake Estates Senior Apts?+
Timberlake Estates Senior Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Timberlake Estates Senior Apts?+
Timberlake Estates Senior 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 is eligible to live at Timberlake Estates Senior Apts?+
Timberlake Estates Senior Apts primarily serves elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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