About This Property
Village Apts of Richmond offers 40 units of affordable housing in Richmond, Indiana, consisting of 24 two-bedroom and 16 three-bedroom apartments. The property has been in service since 1999 and operates as a low-income housing development with 9% Low-Income Housing Tax Credit financing. The community is managed and available for occupancy.
Waitlist Information
Waitlist managed by Housing Authority of the City of Richmond
Applicants who live and/or work in Richmond have a preference, as do families and senior/disabled individuals.
The HCV waiting list recently closed on April 11, 2026.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Wayne 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 | $637 |
| 1 Bedroom | $657 |
| 2 Bedroom | $863 |
| 3 Bedroom | $1,071 |
| 4 Bedroom | $1,156 |
Income Limits - Wayne 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 Richmond, IN?+
The Fair Market Rent (FMR) for Wayne County, IN is: $637 (Studio), $657 (1BR), $863 (2BR), $1071 (3BR), $1156 (4BR). Actual rent at subsidized properties like Village Apts of Richmond is typically 30% of household income or less.
What size apartments are available at Village Apts of Richmond?+
Village Apts of Richmond offers the following unit types: 24 Two-Bedroom, 16 Three-Bedroom units, for a total of 40 units.
Is there a waitlist for Village Apts of Richmond?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Wayne County, IN?+
For a 4-person household in Wayne 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.
How do I apply for housing at Village Apts of Richmond?+
Village Apts of Richmond 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 Village Apts of Richmond?+
Village Apts of Richmond is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Richmond, IN?+
Based on Fair Market Rent for Wayne County, the estimated price range is: 2-bedroom: $863, 3-bedroom: $1071. Actual rent at Village Apts of Richmond may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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