Evansville Townhomes preserves and rehabs 30 units of existing scattered site housing throughout the city of Evansville and creates 30 new apartments units in one multi-story building. The new affordable community buiilding is located near downtown Evansville in the Old Erie neighborhood. All single family homes are 3 bedroom units and the apartments are 2 or 3 bedroom units.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
2 Bedroom (2/2) | 876 | Call for Price |
3 Bedroom (3/2) | 1128 | Call for Price |
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.