About This Property
Willow Trace Apartments in Rising Sun, Indiana contains 32 units, including 28 affordable units designated for low-income families. The property offers a mix of one-, two-, and three-bedroom floor plans and has been in service since 2004. Funding for this development includes HOME funds and 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Ohio 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 | $810 |
| 1 Bedroom | $919 |
| 2 Bedroom | $1,195 |
| 3 Bedroom | $1,588 |
| 4 Bedroom | $1,766 |
Income Limits - Ohio County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,950
- Very Low (50%)
- $29,900
- Low (80%)
- $47,850
- Extremely Low (30%)
- $20,500
- Very Low (50%)
- $34,200
- Low (80%)
- $54,650
- Extremely Low (30%)
- $23,050
- Very Low (50%)
- $38,450
- Low (80%)
- $61,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,700
- Low (80%)
- $68,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,150
- Low (80%)
- $73,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,550
- Low (80%)
- $79,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,950
- Low (80%)
- $84,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,400
- Low (80%)
- $90,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,950 | $29,900 | $47,850 |
| 2 Persons | $20,500 | $34,200 | $54,650 |
| 3 Persons | $23,050 | $38,450 | $61,500 |
| 4 Persons | $26,500 | $42,700 | $68,300 |
| 5 Persons | $31,040 | $46,150 | $73,800 |
| 6 Persons | $35,580 | $49,550 | $79,250 |
| 7 Persons | $40,120 | $52,950 | $84,700 |
| 8 Persons | $44,660 | $56,400 | $90,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rising Sun, IN?+
The Fair Market Rent (FMR) for Ohio County, IN is: $810 (Studio), $919 (1BR), $1195 (2BR), $1588 (3BR), $1766 (4BR). Actual rent at subsidized properties like Willow Trace Apts is typically 30% of household income or less.
What size apartments are available at Willow Trace Apts?+
Willow Trace Apts offers the following unit types: 8 One-Bedroom, 12 Two-Bedroom, 12 Three-Bedroom units, for a total of 32 units.
Who manages Willow Trace Apts?+
Willow Trace Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Rising Sun, IN?+
Based on Fair Market Rent for Ohio County, the estimated price range is: 1-bedroom: $919, 2-bedroom: $1195, 3-bedroom: $1588. Actual rent at Willow Trace Apts may be lower for income-eligible households.
How do I apply for housing at Willow Trace Apts?+
Willow Trace 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.
What are the income limits for affordable housing in Ohio County, IN?+
For a 4-person household in Ohio County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,700, Low Income (80% AMI): $68,300. These limits are set by HUD and updated annually.
Who is eligible to live at Willow Trace Apts?+
Willow Trace Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
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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