AffordableHousingOnline

Indianwood Apartments

522 Drake Ave, La Fayette, Alabama 36862

Indianwoods Apartments is a 24 unit complex with full Rental Aistance. They have 8 one bedroom and 16 two bedroom units. Stove and Refridgerator provided, on-site laundry room. They offer on site maintenance and are close to town. Pest Control provided once a month. 

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price

Eligibility for Indianwood Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in La Fayette but actual income limits may differ for units at Indianwood Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person
Very Low Income (50%) $22,850 $26,100 $29,350 $32,600
Low Income (60%) $27,420 $31,320 $35,220 $39,120

Indianwood Apartments Details

  • 24 one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Property Amenities

  • Energy Star Appliances

Unit Amenities

  • Refrigerator
  • Bathroom Grab Bars
  • Energy Saving Windows
  • Central Heat & Air
  • Stove
  • Cable & Internet Ready
  • Mini Blinds & Curtain Rods

Office Hours

Day Hours
Tuesday 9:00am-1:00pm
Thursday 9:00am-1:00pm
Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Images of Indianwood Apartments
Image of Indianwood Apartments