About This Property
Spring Hill Apts Phase III comprises 30 one-bedroom units designated for low-income households in Mooresville, Indiana. The property has been in service since 1992 and is situated in Morgan County. All 30 units serve low-income residents.
Property Details
Fair Market Rent - Morgan 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 - Morgan 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 Mooresville, IN?+
The Fair Market Rent (FMR) for Morgan County, IN is: $982 (Studio), $1145 (1BR), $1349 (2BR), $1758 (3BR), $2126 (4BR). Actual rent at subsidized properties like Spring Hill Apts Phase Iii is typically 30% of household income or less.
What size apartments are available at Spring Hill Apts Phase Iii?+
Spring Hill Apts Phase Iii offers the following unit types: 30 One-Bedroom units, for a total of 30 units.
Who manages Spring Hill Apts Phase Iii?+
Spring Hill Apts Phase Iii is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Morgan County, IN?+
For a 4-person household in Morgan 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.
How do I apply for housing at Spring Hill Apts Phase Iii?+
Spring Hill Apts Phase Iii 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 Mooresville, IN?+
Based on Fair Market Rent for Morgan County, the estimated price range is: 1-bedroom: $1145. Actual rent at Spring Hill Apts Phase Iii may be lower for income-eligible households.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Spring Hill Apts Phase Iii
Gladden Farms Apts I
Plainfield, IN
140 UnitsCanterbury House Apts - Mann Road
Indianapolis, IN
156 UnitsKinnley Court
Plainfield, IN
64 UnitsGladden Farms Apts Ii
Plainfield, IN
80 UnitsBridgeport Commons Apt Homes
Indianapolis, IN
0 UnitsMann Estates Ii
Indianapolis, IN
132 Units