About This Property
Silvertree Apts offers 14 low-income residential units in Milroy, Indiana, consisting of 6 one-bedroom and 8 two-bedroom apartments. The property has been in service since 1988 and serves Rush County residents.
Property Details
Fair Market Rent - Rush 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 | $670 |
| 2 Bedroom | $863 |
| 3 Bedroom | $1,044 |
| 4 Bedroom | $1,149 |
Income Limits - Rush 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Milroy, IN?+
The Fair Market Rent (FMR) for Rush County, IN is: $600 (Studio), $670 (1BR), $863 (2BR), $1044 (3BR), $1149 (4BR). Actual rent at subsidized properties like Silvertree Apts is typically 30% of household income or less.
What size apartments are available at Silvertree Apts?+
Silvertree Apts offers the following unit types: 6 One-Bedroom, 8 Two-Bedroom units, for a total of 14 units.
How do I apply for housing at Silvertree Apts?+
Silvertree 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 Silvertree Apts?+
Silvertree Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Milroy, IN?+
Based on Fair Market Rent for Rush County, the estimated price range is: 1-bedroom: $670, 2-bedroom: $863. Actual rent at Silvertree Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Rush County, IN?+
For a 4-person household in Rush 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.
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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