About This Property
Water's Edge I offers 40 low-income rental units in Austin, Indiana, comprising ten 2-bedroom and thirty 3-bedroom apartments. The property has been in service since 1999 and is financed through 9% Low-Income Housing Tax Credits. Management services are available through the property contact.
Property Details
Fair Market Rent - Scott 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 | $652 |
| 1 Bedroom | $732 |
| 2 Bedroom | $962 |
| 3 Bedroom | $1,203 |
| 4 Bedroom | $1,281 |
Income Limits - Scott 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 Austin, IN?+
The Fair Market Rent (FMR) for Scott County, IN is: $652 (Studio), $732 (1BR), $962 (2BR), $1203 (3BR), $1281 (4BR). Actual rent at subsidized properties like Water'S Edge I is typically 30% of household income or less.
What size apartments are available at Water'S Edge I?+
Water'S Edge I offers the following unit types: 10 Two-Bedroom, 30 Three-Bedroom units, for a total of 40 units.
Who manages Water'S Edge I?+
Water'S Edge I is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Austin, IN?+
Based on Fair Market Rent for Scott County, the estimated price range is: 2-bedroom: $962, 3-bedroom: $1203. Actual rent at Water'S Edge I may be lower for income-eligible households.
What are the income limits for affordable housing in Scott County, IN?+
For a 4-person household in Scott 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.
How do I apply for housing at Water'S Edge I?+
Water'S Edge I 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.