Fountain Place Apartments is managed by Related Companies.
Fountain Place is a Section 8/Tax Credit community for adults 55 or disabled. The entire community is handicap accessible. They are about 1/4 mile from Rte 44, 1 mile from the pharmacy, and 3 miles from Roberts Park. These 1 bedroom apartments offer gas, water, sewer and trash included in the rent. Amenities include 24-hour maintenance, 2 elevators, 2 laundry facilities, a neighborhood network center, a community room, an outdoor patio, indoor postal units and a full-time Resident Services Coordinator. Fountain Place offers weekly community events. Income restrictions apply.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 571 | $513 |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Connersville but actual income limits may differ for units at Fountain Place Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $16,600 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
50% | $27,650 | $31,600 | $35,550 | $39,450 | $42,650 | $45,800 | $48,950 | $52,100 |
80% | $44,200 | $50,500 | $56,800 | $63,100 | $68,150 | $73,200 | $78,250 | $83,300 |
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 Connersville but actual income limits may differ for units at Fountain Place Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $27,650 | $31,600 | $35,550 | $39,450 | $42,650 | $45,800 | $48,950 | $52,100 |
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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.