About This Property
Ashbury Pointe II comprises 18 two-bedroom units in Pendleton, Indiana, with 17 designated as low-income housing. The property has been in service since 2007 and is situated 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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Pendleton, 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 Ashbury Pointe Ii is typically 30% of household income or less.
What size apartments are available at Ashbury Pointe Ii?+
Ashbury Pointe Ii offers the following unit types: 18 Two-Bedroom units, for a total of 18 units.
What is the price range for apartments in Pendleton, IN?+
Based on Fair Market Rent for Madison County, the estimated price range is: 2-bedroom: $1140. Actual rent at Ashbury Pointe Ii may be lower for income-eligible households.
How do I apply for housing at Ashbury Pointe Ii?+
Ashbury Pointe 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.
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 Ashbury Pointe Ii?+
Ashbury Pointe Ii is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
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