About This Property
Riverbend Senior Apts contains 24 low-income units serving elderly residents in Vevay, Indiana. The property includes 18 one-bedroom and 6 two-bedroom apartments and has been in service since 1995. The development utilizes 4% Low-Income Housing Tax Credits to maintain affordable housing for its residents.
Property Details
Fair Market Rent - Switzerland 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 | $1,274 |
Income Limits - Switzerland 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 Vevay, IN?+
The Fair Market Rent (FMR) for Switzerland County, IN is: $600 (Studio), $657 (1BR), $863 (2BR), $1216 (3BR), $1274 (4BR). Actual rent at subsidized properties like Riverbend Senior Apts is typically 30% of household income or less.
What size apartments are available at Riverbend Senior Apts?+
Riverbend Senior Apts offers the following unit types: 18 One-Bedroom, 6 Two-Bedroom units, for a total of 24 units.
What is the price range for apartments in Vevay, IN?+
Based on Fair Market Rent for Switzerland County, the estimated price range is: 1-bedroom: $657, 2-bedroom: $863. Actual rent at Riverbend Senior Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Switzerland County, IN?+
For a 4-person household in Switzerland 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.
Who is eligible to live at Riverbend Senior Apts?+
Riverbend Senior Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Riverbend Senior Apts?+
Riverbend Senior 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 Riverbend Senior Apts?+
Riverbend Senior Apts is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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