About This Property
Homestead Apts consists of 25 low-income units in West Baden Springs, Indiana, including 21 one-bedroom and 4 two-bedroom apartments. The property was placed in service in 2000 and utilizes 9% Low-Income Housing Tax Credits to support its affordability. Interested parties can contact the property management for additional information regarding availability and lease terms.
Property Details
Fair Market Rent - Orange 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 | $1,216 |
| 4 Bedroom | $1,304 |
Income Limits - Orange 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 West Baden Springs, IN?+
The Fair Market Rent (FMR) for Orange County, IN is: $600 (Studio), $657 (1BR), $863 (2BR), $1216 (3BR), $1304 (4BR). Actual rent at subsidized properties like Homestead Apts is typically 30% of household income or less.
What size apartments are available at Homestead Apts?+
Homestead Apts offers the following unit types: 21 One-Bedroom, 4 Two-Bedroom units, for a total of 25 units.
How do I apply for housing at Homestead Apts?+
Homestead 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 manages Homestead Apts?+
Homestead Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Orange County, IN?+
For a 4-person household in Orange 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.
What is the price range for apartments in West Baden Springs, IN?+
Based on Fair Market Rent for Orange County, the estimated price range is: 1-bedroom: $657, 2-bedroom: $863. Actual rent at Homestead Apts may be lower for income-eligible households.