About This Property
Springview Apts Phase I offers 96 units in Newburgh, Indiana, with 48 designated as low-income housing. The property, which has been in service since 1996, contains 16 one-bedroom and 32 two-bedroom units and is financed through tax-exempt bonds and 4% Low-Income Housing Tax Credits. The community is managed and available for affordable housing placement.
Property Details
Fair Market Rent - Warrick 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 | $766 |
| 1 Bedroom | $850 |
| 2 Bedroom | $1,070 |
| 3 Bedroom | $1,360 |
| 4 Bedroom | $1,558 |
Income Limits - Warrick County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,000
- Very Low (50%)
- $26,650
- Low (80%)
- $42,650
- Extremely Low (30%)
- $18,300
- Very Low (50%)
- $30,450
- Low (80%)
- $48,750
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,250
- Low (80%)
- $54,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,050
- Low (80%)
- $60,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,100
- Low (80%)
- $65,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,150
- Low (80%)
- $70,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,200
- Low (80%)
- $75,550
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,250
- Low (80%)
- $80,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,000 | $26,650 | $42,650 |
| 2 Persons | $18,300 | $30,450 | $48,750 |
| 3 Persons | $21,960 | $34,250 | $54,850 |
| 4 Persons | $26,500 | $38,050 | $60,900 |
| 5 Persons | $31,040 | $41,100 | $65,800 |
| 6 Persons | $35,580 | $44,150 | $70,650 |
| 7 Persons | $40,120 | $47,200 | $75,550 |
| 8 Persons | $44,660 | $50,250 | $80,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Newburgh, IN?+
The Fair Market Rent (FMR) for Warrick County, IN is: $766 (Studio), $850 (1BR), $1070 (2BR), $1360 (3BR), $1558 (4BR). Actual rent at subsidized properties like Springview Apts Phase I is typically 30% of household income or less.
What size apartments are available at Springview Apts Phase I?+
Springview Apts Phase I offers the following unit types: 16 One-Bedroom, 32 Two-Bedroom units, for a total of 96 units.
Who manages Springview Apts Phase I?+
Springview Apts Phase I is managed by . You can reach them at .
How do I apply for housing at Springview Apts Phase I?+
Springview Apts Phase I is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Newburgh, IN?+
Based on Fair Market Rent for Warrick County, the estimated price range is: 1-bedroom: $850, 2-bedroom: $1070. Actual rent at Springview Apts Phase I may be lower for income-eligible households.
What are the income limits for affordable housing in Warrick County, IN?+
For a 4-person household in Warrick County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,050, Low Income (80% AMI): $60,900. These limits are set by HUD and updated annually.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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