About This Property
Grace Meadows offers 40 low-income units in Jeffersonville, Ohio, serving families with a mix of one-, two-, and three-bedroom apartments. The property has been in service since 2008 and is owned and operated by a non-profit organization with support from HOME funding. The development includes 16 one-bedroom, 16 two-bedroom, and 8 three-bedroom units.
Property Details
Fair Market Rent - Fayette 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 | $611 |
| 1 Bedroom | $722 |
| 2 Bedroom | $870 |
| 3 Bedroom | $1,128 |
| 4 Bedroom | $1,230 |
Income Limits - Fayette 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Jeffersonville, OH?+
The Fair Market Rent (FMR) for Fayette County, OH is: $611 (Studio), $722 (1BR), $870 (2BR), $1128 (3BR), $1230 (4BR). Actual rent at subsidized properties like Grace Meadows is typically 30% of household income or less.
What size apartments are available at Grace Meadows?+
Grace Meadows offers the following unit types: 16 One-Bedroom, 16 Two-Bedroom, 8 Three-Bedroom units, for a total of 40 units.
What are the income limits for affordable housing in Fayette County, OH?+
For a 4-person household in Fayette 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.
What is the price range for apartments in Jeffersonville, OH?+
Based on Fair Market Rent for Fayette County, the estimated price range is: 1-bedroom: $722, 2-bedroom: $870, 3-bedroom: $1128. Actual rent at Grace Meadows may be lower for income-eligible households.
Who is eligible to live at Grace Meadows?+
Grace Meadows primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Grace Meadows?+
Grace Meadows 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 Grace Meadows?+
Grace Meadows is managed by . You can reach them at . Visit their website for more information.
Contact Information
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