About This Property
Stoneybrook Apts comprises 32 low-income rental units in West College Corner, Indiana, with eight one-bedroom and twenty-four two-bedroom units. The property has been in service since 1996 and receives 4% Low-Income Housing Tax Credit funding. The community is managed and available for inquiry regarding leasing and occupancy information.
Property Details
Fair Market Rent - Union 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 | $628 |
| 1 Bedroom | $714 |
| 2 Bedroom | $926 |
| 3 Bedroom | $1,245 |
| 4 Bedroom | $1,494 |
Income Limits - Union 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 College Corner, IN?+
The Fair Market Rent (FMR) for Union County, IN is: $628 (Studio), $714 (1BR), $926 (2BR), $1245 (3BR), $1494 (4BR). Actual rent at subsidized properties like Stoneybrook Apts is typically 30% of household income or less.
What size apartments are available at Stoneybrook Apts?+
Stoneybrook Apts offers the following unit types: 8 One-Bedroom, 24 Two-Bedroom units, for a total of 32 units.
How do I apply for housing at Stoneybrook Apts?+
Stoneybrook 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.
What is the price range for apartments in West College Corner, IN?+
Based on Fair Market Rent for Union County, the estimated price range is: 1-bedroom: $714, 2-bedroom: $926. Actual rent at Stoneybrook Apts may be lower for income-eligible households.
Who manages Stoneybrook Apts?+
Stoneybrook Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Union County, IN?+
For a 4-person household in Union 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