About This Property
Aspen Meadows II offers 16 low-income units in Salem, Indiana, with a mix of one-, three-, and four-bedroom floor plans. The property has been in service since 2003 and operates under non-profit ownership with HOME program funding. Eight one-bedroom, four three-bedroom, and four four-bedroom units comprise the community.
Property Details
Fair Market Rent - Washington 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 | $745 |
| 1 Bedroom | $753 |
| 2 Bedroom | $989 |
| 3 Bedroom | $1,236 |
| 4 Bedroom | $1,317 |
Income Limits - Washington 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Salem, IN?+
The Fair Market Rent (FMR) for Washington County, IN is: $745 (Studio), $753 (1BR), $989 (2BR), $1236 (3BR), $1317 (4BR). Actual rent at subsidized properties like Aspen Meadows Ii is typically 30% of household income or less.
What size apartments are available at Aspen Meadows Ii?+
Aspen Meadows Ii offers the following unit types: 8 One-Bedroom, 4 Three-Bedroom, 4 Four-Bedroom units, for a total of 16 units.
What are the income limits for affordable housing in Washington County, IN?+
For a 4-person household in Washington 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.
What is the price range for apartments in Salem, IN?+
Based on Fair Market Rent for Washington County, the estimated price range is: 1-bedroom: $753, 3-bedroom: $1236. Actual rent at Aspen Meadows Ii may be lower for income-eligible households.
How do I apply for housing at Aspen Meadows Ii?+
Aspen Meadows Ii 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.
Who manages Aspen Meadows Ii?+
Aspen Meadows Ii is managed by . You can reach them at .
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.