The Davis Zeller project in Brazil, Indiana consisted of renovating a historic bank, also known as the Davis Building, the Brazil Junior High School, and the construction of six duplex buildings throughout the town. Through this project all of these buildings have become affordable senior housing. Maxwell first broke ground on the Davis Zeller projects in July 2017. With the leadership of the Project Manager Clint Crocker, and the Superintendents Tim Willoughby and Nick Wise the final pieces are finally falling into place.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price |
| 2 Bedroom (2/1) | - | Call for Price |
Eligibility for Davis Zeller Place
Davis Zeller Place Details
- 48 one and two bedroom units.
- Section 202 Supportive Housing for the Elderly
- Low-Income Housing Tax Credit (LIHTC)
Property Amenities
- Off-Street Parking
Unit Amenities
- Refrigerator
Section 202 Supportive Housing for the Elderly
Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.
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.
Images of Davis Zeller Place
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