About This Property
Water's Edge II contains 40 units in Austin, Indiana, with 38 designated as low-income housing. The property, placed in service in 2000, offers a unit mix of four 1-bedroom, twenty 2-bedroom, and sixteen 3-bedroom apartments. The community is managed to serve residents in Scott County.
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 Ii is typically 30% of household income or less.
What size apartments are available at Water'S Edge Ii?+
Water'S Edge Ii offers the following unit types: 4 One-Bedroom, 20 Two-Bedroom, 16 Three-Bedroom units, for a total of 40 units.
Who manages Water'S Edge Ii?+
Water'S Edge Ii 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: 1-bedroom: $732, 2-bedroom: $962, 3-bedroom: $1203. Actual rent at Water'S Edge Ii may be lower for income-eligible households.
How do I apply for housing at Water'S Edge Ii?+
Water'S Edge Ii 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 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.