About This Property
Lake Avenue Retirement Village comprises 33 low-income units designed for elderly residents in New Carlisle, Ohio. The community offers a mix of 17 one-bedroom and 16 two-bedroom units and has been in service since 2010. The property is non-profit owned and funded through the HOME program.
Property Details
Fair Market Rent - Clark County, OH
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $650 |
| 1 Bedroom | $721 |
| 2 Bedroom | $948 |
| 3 Bedroom | $1,149 |
| 4 Bedroom | $1,268 |
Income Limits - Clark County, OH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,950
- Very Low (50%)
- $23,250
- Low (80%)
- $37,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,550
- Low (80%)
- $42,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,850
- Low (80%)
- $47,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,150
- Low (80%)
- $53,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $35,850
- Low (80%)
- $57,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,500
- Low (80%)
- $61,550
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,150
- Low (80%)
- $65,800
- Extremely Low (30%)
- $43,800
- Very Low (50%)
- $43,800
- Low (80%)
- $70,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,950 | $23,250 | $37,150 |
| 2 Persons | $17,420 | $26,550 | $42,450 |
| 3 Persons | $21,960 | $29,850 | $47,750 |
| 4 Persons | $26,500 | $33,150 | $53,050 |
| 5 Persons | $31,040 | $35,850 | $57,300 |
| 6 Persons | $35,580 | $38,500 | $61,550 |
| 7 Persons | $40,120 | $41,150 | $65,800 |
| 8 Persons | $43,800 | $43,800 | $70,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in New Carlisle, OH?+
The Fair Market Rent (FMR) for Clark County, OH is: $650 (Studio), $721 (1BR), $948 (2BR), $1149 (3BR), $1268 (4BR). Actual rent at subsidized properties like Lake Avenue Retirement Village is typically 30% of household income or less.
What size apartments are available at Lake Avenue Retirement Village?+
Lake Avenue Retirement Village offers the following unit types: 17 One-Bedroom, 16 Two-Bedroom units, for a total of 33 units.
Who is eligible to live at Lake Avenue Retirement Village?+
Lake Avenue Retirement Village primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in New Carlisle, OH?+
Based on Fair Market Rent for Clark County, the estimated price range is: 1-bedroom: $721, 2-bedroom: $948. Actual rent at Lake Avenue Retirement Village may be lower for income-eligible households.
What are the income limits for affordable housing in Clark County, OH?+
For a 4-person household in Clark County, OH, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,150, Low Income (80% AMI): $53,050. These limits are set by HUD and updated annually.
Who manages Lake Avenue Retirement Village?+
Lake Avenue Retirement Village is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Lake Avenue Retirement Village?+
Lake Avenue Retirement Village 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.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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