About This Property
Village Apts of Shoals offers 24 low-income residential units in Shoals, Indiana, consisting of 14 one-bedroom and 8 two-bedroom apartments. The property has been in service since 1996 and is financed through 4% Low-Income Housing Tax Credits. The community serves Martin County residents seeking affordable housing options.
Property Details
Fair Market Rent - Martin 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 | $600 |
| 1 Bedroom | $657 |
| 2 Bedroom | $863 |
| 3 Bedroom | $1,043 |
| 4 Bedroom | $1,267 |
Income Limits - Martin County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,350
- Very Low (50%)
- $23,950
- Low (80%)
- $38,300
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,400
- Low (80%)
- $43,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,800
- Low (80%)
- $49,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,200
- Low (80%)
- $54,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,950
- Low (80%)
- $59,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,700
- Low (80%)
- $63,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,450
- Low (80%)
- $67,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,150
- Low (80%)
- $72,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,350 | $23,950 | $38,300 |
| 2 Persons | $17,420 | $27,400 | $43,800 |
| 3 Persons | $21,960 | $30,800 | $49,250 |
| 4 Persons | $26,500 | $34,200 | $54,700 |
| 5 Persons | $31,040 | $36,950 | $59,100 |
| 6 Persons | $35,580 | $39,700 | $63,500 |
| 7 Persons | $40,120 | $42,450 | $67,850 |
| 8 Persons | $44,660 | $45,150 | $72,250 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Shoals, IN?+
The Fair Market Rent (FMR) for Martin County, IN is: $600 (Studio), $657 (1BR), $863 (2BR), $1043 (3BR), $1267 (4BR). Actual rent at subsidized properties like Village Apts of Shoals is typically 30% of household income or less.
What size apartments are available at Village Apts of Shoals?+
Village Apts of Shoals offers the following unit types: 14 One-Bedroom, 8 Two-Bedroom units, for a total of 24 units.
Who manages Village Apts of Shoals?+
Village Apts of Shoals is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Village Apts of Shoals?+
Village Apts of Shoals 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 Shoals, IN?+
Based on Fair Market Rent for Martin County, the estimated price range is: 1-bedroom: $657, 2-bedroom: $863. Actual rent at Village Apts of Shoals may be lower for income-eligible households.
What are the income limits for affordable housing in Martin County, IN?+
For a 4-person household in Martin County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,200, Low Income (80% AMI): $54,700. These limits are set by HUD and updated annually.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.